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151.

With a rise in real national income, welfare of the people : (Choose the correct alternative)A. RisesB. FallsC. Remains unchangedD. None of the above

Answer» Correct Answer - A
With the rise in the real national income, the economic welfare of the people rises. This is the positive change as when people invest more on the commodities, they are directly or indirectly contributing to the total national income of the economy. However, this determination is dependent upon several factors.So ans is A
Discussion
152.

Giving reason identify whether the following are final expenditures or intermediate expenditure : (i) Expenditure on maintenance of an office building. (ii) Expenditure on improvement of a machine in a factory.

Answer» Expenditure on maintenance of office building is an input in the production of final good. So, this will be treated as intermediate expenditure. Expenditure on improvement of machinery in a factory is an addition to the existing capital.
Discussion