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
National income ,according to income method is the sum total of income earned by
Individual factor of production
Primary factor of production
Secondary sector production
All the factor of production
National Income means
Income of the states
Income of the world
Income of the country
Income of the village
GNP does not include this item
Finished Products
Value of capital Goods
Intermediate Goods
Primary Goods
The aggregate value of all final goods and services produced in a country in a year is called
Net national product at factor cost
Net domestic product at market prices
Gross national product
The standard of living
In defining Real Gross National Product there is the importance of
Profit
Price
Loss
Net national product
Among which sectors of the economy,the circular flow of money is called circular flow of income.
Same
Similar
Constant
Different
The loss in the value of capital goods is called
Subsidy
Foreign trade loss
Exchange loss
Depreciation
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
While calculating GNP at market price value of subsidies are
Added
Deducted
Increase
Decrease
