Balbharati solutions for Economics HSC 12th Standard Maharashtra State Board
Chapter 7. National Income
Q.1. Complete the following statement:
While estimating national income, we include only the value of final goods and services in order to _________.
make computation easier
avoid double counting
maximize national welfare of the people
evaluate the total economic performance of a nation
NDP is obtained by ___________.
deducting depreciation from GNP
deducting depreciation from GDP
including depreciation in GDP
including depreciation in GNP
In India, national income is estimated using ___________.
output method
income method
expenditure method
combination of output and income method
