Question
Distinguish between microeconomics and macroeconomics. Give examples.
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| $(Rs.$ crores$)$ | ||
| $1$ | Current transfers from government. | $25$ |
| $2$ | Compensation of employees. | $600$ |
| $3$ | Net current transfers from the rest of the world. | $20$ |
| $4$ | Rent. | $100$ |
| $5$ | Consumption of fixed capital. | $50$ |
| $6$ | Interest. | $120$ |
| $7$ | Net indirect tax. | $110$ |
| $8$ | Profit. | $80$ |
| $9$ | Mixed income of the self-employed. | $200$ |
| $10$ | Net factor income from abroad. | $(-)10$ |
| National Income | = | ₹ 1,000 |
| Marginal Propensity to Save | = | 0.20 |
| Autonomous consumption expenditure | = | ₹ 100 |