Question
State whether the study of national income is Micro or Macro Economic study.
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|
S.No.
|
Contents
|
₹ (in crore)
|
| $(i)$ |
Net Current Transfers from Rest of the World
|
$(-)60$ |
| $(ii)$ |
Net Factor Income from Abroad
|
$(-)40$ |
| $(iii)$ |
Government Final Consumption Expenditure
|
$2,000$ |
| $(iv)$ |
Private Final Consumption Expenditure
|
$6,000$ |
| $(v)$ |
Net Domestic Fixed Capital Formation
|
$800$ |
| $(vi)$ |
Gross Domestic Capital Formation
|
$950$ |
| $(vii)$ |
Change in Stock
|
$50$ |
| $(viii)$ |
Net Exports
|
$(-)50$ |
| $(ix)$ |
Profits
|
$1,000$ |
| $(x)$ |
Net Indirect Tax
|
$700$ |
|
Level of Income (₹)
|
400
|
500
|
600
|
700
|
|
Consumption Expenditure (₹)
|
240
|
320
|
395
|
465
|
|
MPC
|
-
|
-
|
-
|
-
|
|
MPS
|
-
|
-
|
-
|
-
|