NCERT Solutions for Class 12 Macro Economics National Income and Related Aggregates

NCERT Solution for Class 12 Economics Chapter 2

NCERT Solutions for Class 12 Macro Economics National Income and Related Aggregates is designed and prepared by the best teachers across India. All the important topics are covered in the exercises and each answer comes with a detailed explanation to help students understand concepts better. These NCERT solutions play a crucial role in your preparation for all exams conducted by the CBSE, including the JEE.

NCERT TEXTBOOK QUESTIONS SOLVED

Ans. Depreciation is an expected decrease in the value of fixed capital assets due to its general use.

Ans. When net indirect taxes are negative i.e., subsidies are more than indirect taxes.

Ans. Gross domestic product at factor cost includes depreciation while net domestic product at factor cost does not include depreciation.

Ans. GDP and GNP will be equal when the 'net factor income from abroad' is zero.

Ans. When the net factor income from abroad is negative.

Ans. National Income = 10000 + (-500) = Rs 9500 Crore

Ans. Net factor income from abroad = 45,000 – 50,000 = (-) Rs 5000 Crore

Ans. Value added method
Income method
Expenditure method.

Ans. Disposable Income = 30,000 – (10% of 30,000) = ?27,000

Ans. Closed economy.

Ans. Value added method is the method that measures the national income by estimating the value added by each producing enterprises within the domestic territory of the country in an accounting year.

Ans. Value of output is equal to value added if there are no intermediate costs.

Ans. Gross domestic product at market price.

Ans. To avoid the problem of double counting.

Ans. 100% – 65% = 35% (assuming mixed income is zero).

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