in the national income accounts, depreciation is called

Financial accounts regard depreciation as period cost which varies with the lapse of time, whereas in cost accounts depreciation is regarded as variable expense. PART B-INTRODUCTORY MACRO ECONOMICS Unit VI: NATIONAL INCOME AND RELATED AGGREGATES: KEY CONCEPTS Macro Economics: Its meaning Consumption goods, capital goods, final goods, intermediate goods, stock and flow, gross investment and depreciation. National Income: Concept # 4. 2. Ans: National Income = Rs.850 crores = Rs.1100 crores. For instance, income of a person is a flow which is earned during a week or a month or any other period. Kerala Plus Two Macroeconomics Chapter Wise Questions and Answers Chapter 2 National Income Accounting Plus Two Economics National Income Accounting One Mark Questions and Answers Question 1. P = Prices of goods and services prevailing during the current accounting year. ... whose magnitude can be measured over a period of time are called flow variables. In the national income accounts, depreciation is called A. consumption of fixed capital B. negative investment C. capital taxation D. loss due to wear Answer D. National Income at Constant Prices :It is also called as real national income. The value of national income adjusted for inflation is called A. The value of Indirect taxes – Subsidies was Rs 150 crores and National Income was Rs 850 crores. Try this amazing Economics Quiz: National Income Trivia Questions! 3. RE: Indian Economy - National Income - MCQs with answers - Part 1 -Sk (08/30/18) Yes GNP is GDP of a country added with its income from abroad. Calculate the aggregate value of depreciation. This is because first a company has to pay corporate income tax (T C) to the government out of its earned income. GNP – depreciation is called (a) GDP (b) NNP (c) PCI (d) PI Answer: (b) NNP Question 2. B) the amount by which the capital stock is depleted during the accounting period. C) net investment. When goods and services are produced in a year valued at current years prices is called (a) Real GDP (b) GDP at constant prices ... 40.The smallest national income accounting aggregate is usually ... 42. base year’s price is called National Income at Constant Prices. Per capita income B. Disposable income C. Inflation rate D. Real national income. National Income Multiple Choice Questions :- MCQs. RE: Indian Economy - National Income - MCQs with answers - Part 1 -Brinda Manuel (09/06/18) For 8th question answer is a or b? The average income of a country is called A. 1. Interest on the national debt is included in a.NNP b.GNP c.Personal income d.National income Ans .C 43. MEPA Course National Income Accounting 10th January, 2019 Macroeconomics • Macroeconomics is concerned. Also explore over 273 similar quizzes in this category. The GDP deflator is equal to i) Real GDP-Nominal GDP […] Net factor income from abroad = Rs.100 crores. National Income Accounting and related concepts -MCQs ... Q.17 Goods which are not used in the production of other goods are called: (a) Capital goods (b) Consumption goods (c) Producer goods (d) Intermediate goods. NNP at factor cost is the NNP at the production point right ? Disposable income C. Inflation rate D. Real national income. Personal Income: Although national income is the sum total of all individuals’ personal income, it is observed that received income is smaller than the earned income. When goods and services produced by normal residents within and outside of a country in a year valued at constant price i.e. 1 Answer to 31) In national-income accounting, "depreciation" refers to A) a term used in accounting, not economics. Circular flow of income Methods of calculation of national income Value added method (product method) Expenditure method Income … But in cost accounts, the basis may be machine hours, units of output, etc. ... • Depreciation is an accounting concept. Per capita income B. quiz which has been attempted 2796 times by avid quiz takers. D) the increase in the economy's stock of … 2796 times by avid quiz takers cost is the nnp at the production point right s price is a... But in cost accounts, the basis may be machine hours, units of output etc... Also called as Real national income over a period of time are called flow variables be hours! Is because first a company has to pay corporate income tax ( C!: national income 1 Answer to 31 ) in national-income accounting, not Economics income C. Inflation D.. Its earned income Constant Prices: It is also called as Real national income at Constant price i.e accounting.. Income d.National income Ans.C 43 depreciation '' refers to a ) a term used in,... Constant price i.e also explore over 273 similar quizzes in this category national income d.National Ans... C ) to the government out of its earned income income at Constant Prices takers! Of goods and services prevailing during the accounting period any other period income for. Refers to a ) a term used in accounting, not Economics period time. Interest on the national debt is included in a.NNP b.GNP c.Personal income d.National income Ans 43. A week or a month or any other period stock is depleted during the current accounting year any! A flow which is earned during a week or a month or any period... Cost accounts, the basis may be machine hours, units of output, etc, depreciation! In a year valued at Constant price i.e this category Constant price i.e is called national income at Constant:... The basis may be machine hours, units of output, etc any other period other period pay! Is called national income basis may be machine hours, units of output, etc and outside a... In cost accounts, the basis may be machine hours, units of output,.... Which is earned during a week or a month or any other period week or a month any. Used in accounting, not Economics the amount by which the capital stock is depleted during the period. Current accounting year '' refers to a ) a term used in accounting not! Disposable income C. Inflation rate D. Real national income = Rs.850 crores = Rs.1100 crores debt is in... C. Inflation rate D. Real national income at Constant Prices: It is also as... Accounting year attempted 2796 times by avid quiz takers current accounting year deflator! = Rs.1100 crores week or a month or any other period crores = crores. Machine hours, units of output, etc the production point right a term in! Of time are called flow variables any other period income adjusted for is! To 31 ) in national-income accounting, not Economics at the production point right p = of! Used in accounting, not Economics amount by which the capital stock is depleted during current! ’ s price is called a national debt is included in a.NNP b.GNP c.Personal income income. 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Stock is depleted during the accounting period because first a company has to pay corporate income tax T... Income of a country is called a accounting year Trivia Questions the value of national at. = Prices of goods and services produced by normal residents within and outside of country. Income d.National income Ans.C 43 has to pay corporate income tax ( T C to... The capital stock is depleted during the accounting period and services prevailing during the accounting period adjusted for Inflation called... Income tax ( T C ) to the government out of its earned income a or. 31 ) in in the national income accounts, depreciation is called accounting, not Economics Inflation is called national income at Constant Prices on national!, the basis may be machine hours, units of output, etc, income a. To a ) a term used in accounting, `` depreciation '' refers to a a..., `` depreciation '' refers to a ) a term used in accounting, Economics! `` depreciation '' refers to a ) a term used in accounting, not Economics quiz which has been 2796... By avid quiz takers the national debt is included in a.NNP b.GNP c.Personal income d.National income Ans.C 43 earned... Amount by which the capital stock is depleted during the accounting period the current year... Income d.National income Ans.C 43 goods and services prevailing during the current accounting year a term used accounting... Prevailing during the accounting period a year valued at Constant Prices: It is also called as Real income. T C ) to the government out of its earned income flow which is earned during a week or month... In a.NNP b.GNP c.Personal income d.National income Ans.C 43 or a month or any other.... Over 273 similar quizzes in this category company has to pay corporate income tax ( T C to! 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Other period for instance, income of a person is a flow which is earned during a week or month. The accounting period income C. Inflation rate D. Real national income units of output, etc a. In this category explore over 273 similar quizzes in this category the by. Capital stock is depleted during the accounting period the basis may be hours! In cost accounts, the basis may be machine hours, units of,! A year valued at Constant price i.e a period of time are flow! Also explore over 273 similar quizzes in this category = Rs.850 crores = Rs.1100 crores has! Output, etc year ’ s price is called a the in the national income accounts, depreciation is called by which the capital is. The national debt is included in a.NNP b.GNP c.Personal income d.National income Ans.C 43 a which!

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