Money and Banking — Economics STD 12 Commerce — Question

Which one of the following items comes under consumption goods?

Explain the effect for depreciation of domestic currency on exports.

Why do non market economic activities, like:

1. Services of housewives.
2. Voluntary services and.
3. Leisure time activities.

help in the flow of goods and services of a country. But why are these not included in the estimation of national income?

The value of the nominal GNP of an economy was Rs. 2,500 crores in a particular year. The value of GNP of that country during the same year, evaluated at the prices of same base year, was Rs. 3,000 crores. Calculate the value of the GNP deflator of the year in percentage terms. Has the price level risen between the base year and the year under consideration?

Measurement of National Income is the subject matter of.

'Lack of store of value' was a major problem under barter system, but goods like diamond, gold can be easily stored for future use. Then why this was not a popular mean under barter system?

A Rs. 200 crore increase in investment leads to a rise in national income by Rs. 1000 crores. Find out marginal propensity to consume.

Define intermediate consumption and explain it with an example. How is it different from final consumption?

Which one of the following incomes is 'factor income from abroad' for Indian residents and why?

1. Interest income received by Indian residents on the bonds of companies operating in America.
2. Remittances by Indian settled abroad to their families in India.

Should we take real per capita income as an index of economic welfare? If not, why?