Question
What is ‘barter’? Explain ‘standard of deferred payment’ function of money.
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S. No.
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(in crores)
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(i)
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Value of output in the economic territory.
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4,100
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(ii)
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Net imports.
|
(-)50
|
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(iii)
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Intermediate purchases by the primary sector.
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600
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(iv)
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Private final consumption expenditure.
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1,450
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(v)
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Intermediate purchases by the secondary sector.
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700
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(vi)
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Government final consumption expenditure.
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400
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(vii)
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Net domestic fixed capital formation.
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200
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(viii)
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Intermediate purchases by the tertiary sector.
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700
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(ix)
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Net change in stocks.
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(-)50
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(x)
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direct taxes.
|
100
|
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(xi)
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Consumption of fixed capital.
|
50
|
| National Income | = | ₹ 1,000 |
| Marginal Propensity to Save | = | 0.20 |
| Autonomous consumption expenditure | = | ₹ 100 |