Holiday Home work
PM SHRI KENDRIYA VIDYALAYA NEW BONGAIGAON HOLIDAY HOME WORK 1. State the various components of the Income Method that are used to calculate national income. 2. If the Nominal GDP is 1,200 and Price Index (with base = 100) is 120, calculate Real GDP. 3. Explain any four limitations of using GDP as a measure/index of welfare of a country. 4. Explain 'non-monetary exchanges' as a limitation of using gross domestic product as an index of welfare of a country. 5.. How will you treat the following while estimating domestic product of a country? Give reasons for your answer: (a) Profits earned by branches of country's bank in other countries. (b) Gifts given by an employer to his employees on independence day 6. Calculate National Income by Income and Expenditure method. (1) Compensation of employees 600 (II) Government final consumption expenditure 550 (iii) Net factor income from abroad (-) 10 (iv) Net exports (-) 15 (v) Profit 400 (vi) Net indirect tax 60 (vi...