TRUESOME

Your sacred space is where you find yourself again and again ......

Comments

Post a Comment

Popular posts from this blog

Image
        JOBLESS GROWTH  Jobless growth, also known as jobless recovery, occurs when an economy experiences economic growth without a proportional increase in employment opportunities. This phenomenon can have several impacts on individuals, society, and the economy as a whole: 1.     Unemployment: The most direct impact of jobless growth is an increase in unemployment rates. Despite economic expansion, businesses may not be creating enough jobs to absorb the growing labor force, leading to higher levels of unemployment. 2.     Income Inequality: Jobless growth can contribute to income inequality. Those who benefit from economic growth, such as business owners or skilled workers in growing sectors, may experience increased income, while unemployed or underemployed individuals may face declining or stagnant incomes. 3.     Social Unrest: High levels of unemployment and income inequality can lead to social unrest and dissatisfaction. People who feel left behind by economic gr
Read more

Simple Fundas on NATIONAL INCOME

DON'T MISS TO REVISE THE FOLLOWING FUNDAS ON NATIONAL INCOME  National income or domestic income includes only factor incomes;viz., rent,interest,profit and wages. Private income includes factor incomes as well as transfer payments (like old-age pensions or scholarships)granted by the government to the private sector. Private income does not include that part of domestic income which accrues to the government (or from rest of the world ) to the private sector. Personal income does not refer to income of any particular person in the economy.It refers to income of all individuals and households in the economy.Unlike private income,it does not include:            a.undistributed profits (also called corporate saving)            b.corporate profit tax
Read more

PRACTICE QUESTIONS ON NATIONAL INCOME

PRACTICE QUESTIONS ON NATIONAL INCOME One Mark questions. 1. When will the domestic income be greater than the national income? Ans: When the net factor income from abroad is negative. 2. What is national disposable income? Ans.It is the income, which is available to the whole economy for spending or disposal NNP Mp + net current transfers from abroad = NDI 3. What must be added to domestic factor income to obtain national income? Ans. Net factor income from abroad. 4. Explain the meaning of non-market activities Ans. Non marketing activities refer to acquiring of many final goods and services not through regular market transactions. E.g. vegetable grown in the backyard of the house. 5. Define nominal GNP Ans. GNP measured in terms of current market prices is called nominal GNP. 6. Define Real GNP. Ans. GNP computed at constant prices (base year price) is called real GNP. 7. Meaning of real flow. Ans. It refers to the flow of goods a
Read more