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Given real income to be 400 and price in...

Given real income to be 400 and price index be 100, calculate nominal income.

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The correct Answer is:
Nominal Income = Rs. 400.
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SANDEEP GARG-MEASUREMENT OF NATIONAL INCOME-Short Answer Type Questions
  1. Explain how non-monetary exchanges are a limitation in taking gross do...

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  2. How can externalities be a limitation of using gross domestic product ...

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  3. Distinguish between "real" gross domestic product and "nominal" gross ...

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  4. Is gross domestic product a true index of economic welfare of the peop...

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  5. Only one Product X is produced in the country. Its output during the y...

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  6. State the various components of the Income Method that are used to cal...

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  7. If the Nominal GDP is Rs. 1,200 and Price Index (with base=100) is 120...

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  8. If the Real GDP is Rs. 300 and Nominal GDP is Rs. 330, calculate Price...

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  9. If the Real GDP is Rs. 500 and Price index (base=100) is 125, calculat...

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  10. Describe the expenditure method of calculating gross domestic product ...

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  11. Government spends on child immunization progamme. Analyse its impact o...

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  12. If nominal income is Rs. 500 and price index is 125, calculate real in...

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  13. Given real income to be 400 and price index be 100, calculate nominal ...

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  14. What is real GDP ? State three limitations of GDP as an index of econo...

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  15. Discuss any two differences between GDP at constant prices and GDP at ...

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  16. State the various components of the Expenditure Method that are used t...

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  17. Suppose a ban is imposed on consumption of liquor in the country. Exam...

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  18. Explain the concepts of Real GDP and Nominal GDP, using a suitable num...

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  19. Define intermediate consumption and explain it with an example. How is...

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  20. Given nominal income, how can we find real income ? Explain.

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