National Income and Related Aggregates Class 12 Numericals
Example No. 1:-
Calculate GNP at FC.
Solution:-
Example No. 2:-
Calculate Domestic income.
Solution:-
Example No. 3:-
Calculate National Income – National Income Numericals with Solutions Class 12
Solution:-
Value Added Method of National Income
This Methods of calculating national income class 12 is used to calculate national income from the various phases of the circular flow of income. It shows the contribution of each production unit in producing goods and services. This method is also known as the Product Method, Production Method, or Net Output Method.
Example No. 1:-
Calculate value-added of National Income by Firm A and Firm B – National Income Numericals
Solution:-
Example No. 2:-
Calculate gross value added at factor cost by firm X – National Income Numericals
Solution:-
Example No. 3:-
Calculate Value of Output form the Following Data – National Income Numericals
Solution:-
Example No. 4:-
Calculate (a) Value of output (b) Intermediate consumption and (c) NVA at FC from the following data.
Solution:-
National Income and related aggregates Income Method Numericals
According to this method, all the income received or accrued to be received by the factors of production through wages, salaries, interests, rent, royalty, profits, etc…. are summed up to get the national income. The income methods give NDPFC (an aggregate of national income). This is also called “domestic income”. This method includes all the incomes earned by the normal resident of our country during the year. This method is also known as “factor payment method”.
Example No. 1:-
Calculate NDP at FC.
Solution:-
Example No. 2:-
Calculate form the following data, National Income.
Solution:-
Example No. 3:-
Calculate National Income.
Solution:-
Example No. 4:-
Calculate Operating Surplus.
Solution:-
National Income and related aggregates Class 12 Numericals on Expenditure Method
The factor income earned by the factors of production is spent in the form of consumption expenditure and received back by the firms. The expenditure is made by the households, business firms, government and the foreign sector. This final expenditure is sum totaled to get GDPMP(an aggregate of national income). This method is also known as “Income Disposable Method”.
Example No. 1:-
Calculate GDP at MP.
Solution:-
Example No. 2:-
Calculate Gross Fixed Capital Formation.
Solution:-
Example No. 3:-
Calculate NDP at FC by expenditure method.
Solution:-
Example No. 4:-
Calculate National Income by Income and Expenditure Method.
Solution:-
NATIONAL INCOME BY INCOME METHOD:
NATIONAL INCOME BY EXPENDITURE METHOD:
CBSE Class 12 Economics Notes Term II Syllabus
Part A: Introductory Macroeconomics
- Circular Flow of Income Class 12 Notes
- Basic Concepts of Macroeconomics Class 12 Notes
- National Income and Related Aggregates Class 12 Notes – 10 Mark
- National Income and Related Aggregates Class 12 Numericals
- Determination of Income and Employment Class 12 Notes
Part B: Indian Economic Development
Current challenges facing Indian Economy – 12 Marks
Development Experience of India – A Comparison with Neighbours – 6 Marks