Balbharati solutions for Economics HSC 12th Standard Maharashtra State Board.
Chapter 7. National Income with solutions.
Q.1. Complete the following statement
Q.3. Choose the correct option.
Q.5. Answer the following:
1. Explain the two-sector model of the circular flow of national income
2. Explain the importance of national income
3. Explain features of National Income
4. Explain the concept of Green GNP
Q.6. State with reason, whether you agree or disagree with the following statement:
1. There are many theoretical difficulties in the measurement of national income.
2. Under the output method, a value-added approach is used to avoid double counting.
Q.7.ANSWER IN DETAIL: -
1.Explain the practical difficulties involved in the measurement of national income.
2. Explain the income method and expenditure method of measuring national income.