Related InterviewSolutions

• Define domestic income OR Define domestic product .
• Which of the following flowchart correctly represents the relationship between Domestic concepts ?A. B. C. D.
• Purchase of refrigerator by a restaurant is :A. Consumption expenditure on durable goodB. Consumption expenditure on non-durable goodC. Intermediate expenditureD. Final expenditure
• A firm hires the services of a chartered accountant and pays fees. For the firm, payment of fees is :A. Final expenditureB. Intermediate expenditureC. Investment expenditureD. Capital expenditure
• Calculate GNP at FC.
• In which type of economy , domestic income is equal to national income ?A. Open EconomyB. Closed EconomyC. Both (a) and (b)D. Neither (a) nor (b)
• Calculate Domestic Income .
• If factor income received from abroad is equal to factor income paid abroad , then which of the following is not a valid statement ?A. National Income = Domestic IncomeB. `NDP_(FC) ` + Depreciation = `GNP_(FC)`C. `NDP_(FC)` + Depreciation = `GNP_(MP)`D. All are valid
• Mention the situations in which following equations will hold true: (i) National Income = Domestice Income (ii) `GDP_(FC) gt GDP_(MP)` (iii) `NNP_(FC) lt NDP_(FC)` (iv) `GDP_(FC) = GDP_(MP)` (v) Domestic Income is greater than National Income.
• Calculate (a) Domestic Income , (b) National Income .