Consumption of fixed capital is also known as
Capital Formation
Depreciation
Investment
All the above
Flow of goods and services between firms and households are
Real Flow
Money Flow
Flow of Capital
Flow of Stock
The loss in the value of capital goods is called
Subsidy
Foreign trade loss
Exchange loss
Among which sectors of the economy,the circular flow of money is called circular flow of income.
Same
Similar
Constant
Different
According to which method,National Income is the sum total of income earned by all the factors of production .
Income method
Output method
Value added method
Expenditure method
Subsidies mean
Collecting more prices than the actual cost of production
Supplying goods at lower prices than the real prices
Free supply of goods to the farmers
Collecting more taxes on the consumer goods
Capital stock is equal to
Capital stock produced during the year
Capital stock produced during the previous year
Opening balance of capital stock + Increase in capital stock during the year
Capital stock likely to be produced next year
High level of economic activity is known by
The growth rate of population
The increase in literacy
The growth rate of expenditure
The growth rate of national income
GNP does not include this item
Finished Products
Value of capital Goods
Intermediate Goods
Primary Goods
NNP at factor cost means
National Income
National Expenditure
National Wealth
National Capital
