Complete the correlation.1. Personal income : Micro economics :: Natio

Complete the correlation.1. Personal income : Micro economics :: National Income : ……….2. Two sector economy : Household and business firms :: ………. : Households, Business firms, Government and Foreign sector3. Three sector economy :Y=C + I + G:: Four sector economy : ……….4. (X-M) : ………. :: (R-P) : difference between receipts and payment from abroad5. ……….: GDP – Depreciation :: NNP : GNP – Depreciation6. GNP : C + I + G + (X-M) + (R-P) :: ………. : GNP – (net fall in stock of natural capital + pollution load)7. ………. : Value of final goods and service :: Value added approach : Difference between value of output and input8. Output Method : Product Method :: ……. Outlay Method9. ………. : Unpaid services :: Practical difficulty : Problem of double counting

Answer»

1. Marco economics

2. Four sector economy

3. Y = C + I + G + (X-M)

4. Difference between value of export and import

5. NDP

6. Green GNP

7. Final goods approach

8. Expenditure Method

9. Theoretical difficulty