Open Economy Macroeconomics — Economics STD 12 Humanities & Commerce — Question

Giving reasons, state whether the following statements are true or false.
Purchase of car by a consumer is a part of gross domestic capital formation.

Giving reasons, state whether the following statements are true or false.
Exports are a part of net factor income from abroad.

Are the following statements true or false? Give reasons.
Government budget is a statement of actual receipts and payments of the government.

Giving reasons, state whether the following statements are true or false.
Net profit of any Bank of India's branch in USA will not be included in Indian National income.

Giving reasons, state whether the following statement are true or false;
Value of average propensity to save can never be less than zero.

Fiscal Deficit = Total expenditure - Total receipts (True/ False)

Demand deposits with commercial banks are a part of money supply. (True/ False)

To correct the deflationary gap, availability of credit should be increased. (True/ False)

Giving reason, state whether the following statement are true or false.
Foreign exchange received on account of export of sugar will be recorded in current account.