Measures of National Income and Growth

National Income is:

In an open economy, the national income (Y) of the economy is: (C, I, G, X, M stand for Consumption, Investment, Govt. Expenditure, total exports, and total imports respectively.)

The most appropriate measure of economic growth is it’s:

The term National Income represents:

The national income of a country for a given period is equal to the

With reference to Indian economy, consider the following statements: 1. The rate of growth of Real Gross Domestic Product has steadily increased in the last decade. 2. The Gross Domestic Product at market prices (in rupees) has steadily increased in the last decade. Which of the statements given above is/are correct?

With reference to' Indian economy, consider the following statements: 1. The Gross Domestic Product (GDP) has increased by four times in the last 10 years. 2. The percentage share of Public Sector in GDP has declined in the last 10 years. Which of the statements, given above is/ are correct?

In the context of Indian economy, consider the following statements: 1. The growth rate of GDP has steadily increased in the last five years. 2. The growth rate in per capita income has steadily increased in the last five years. Which of the statements given above is/are correct?

Increase in absolute and per capita real GNP do not connote a higher level of economic development if,

The growth rate of per capita income at current prices is higher than that of per capita income at constant prices, because the latter takes into account the rate of:

Consider the following states: 1. Gujarat 2. Karnataka 3. Maharashtra 4. Tamil Nadu The descending order of these states with reference to their level of Per Capita Net State Domestic Product is:

The main reason for low growth rate in India, in spite of high rate of savings and capital formation is:

Since 1990, the share of the tertiary sector in the total GDP of India has: