National Income And Related Aggregates — Practice Quiz
ICSE · Class 12 · Economics
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Quick Quiz: National Income And Related Aggregates
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A country has GDP at market price of ₹12,000 crore, net factor income from abroad of ₹800 crore, and depreciation of ₹1,500 crore. What is its net national product at market price?
A country has national income of ₹8,400 crore, net indirect taxes of ₹700 crore, and net current transfers from the rest of the world of ₹300 crore. What is national disposable income?
A country has nominal national income of ₹5,400 crore and real national income of ₹4,500 crore. What is its national income deflator?
A country has GDP at market price of ₹20,000 crore. Depreciation is ₹2,000 crore, indirect taxes are ₹1,500 crore, subsidies are ₹500 crore, and NFIA is ₹1,200 crore. What is NNP at factor cost?
Sample Questions
A country has NNP at market price of ₹15,600 crore and NFIA of ₹900 crore. What is its net domestic product at market price?
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₹14,700 crore
Use NDP_MP = NNP_MP - NFIA. So, ₹15,600 crore - ₹900 crore = ₹14,700 crore.
A country has nominal national income of ₹2,000 crore and a current price index of 250. What is the real national income?
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₹800 crore
Real National Income = (National Income at Current Price / Current Price Index) × 100. So, (₹2,000 crore / 250) × 100 = ₹800 crore.
A country’s national income is ₹7,200 crore and its population is 18 million. What is per capita income?
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₹400 per person
Per capita income = National income / Total population. So, ₹7,200 crore divided by 18 million gives ₹400 per person after unit adjustment.
A country has GDP at market price of ₹30,000 crore, NFIA of ₹-2,000 crore, and depreciation of ₹3,000 crore. What is NNP at market price?
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₹25,000 crore
First find GNP_MP: ₹30,000 crore + (-₹2,000 crore) = ₹28,000 crore. Then subtract depreciation: ₹28,000 crore - ₹3,000 crore = ₹25,000 crore.
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