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Class 12 · Economics · Medium
→If a firm has purchased raw material but has not yet used it in production, how may it be recorded?
Class 12 · Economics · Medium
→If a good is purchased for final consumption or investment, how is it treated in the product method?
Class 12 · Economics · Medium
→If a good is used by a producer for further production, how is it treated in the product method?
Class 12 · Economics · Medium
→If the value added of the service sector rises in a country, what will be its likely effect under the product method?
Class 12 · Economics · Medium
→Why are the primary, secondary and tertiary sectors classified separately in the product method?
Class 12 · Economics · Medium
→If the value added of the primary, secondary and tertiary sectors is 800, 1,200 and 1,500 respectively, what will be the domestic product?
Class 12 · Economics · Medium
→The value added by three firms is 100, 150 and 250 respectively. What is their total value added?
Class 12 · Economics · Medium
→If sales are 1,000, the decrease in stock is 150, and intermediate consumption is 500, what will be the value added?
Class 12 · Economics · Medium
→A firm buys intermediate goods worth 400, produces output worth 900, sells output worth 700, and increases its stock by 200. What is its value added?
Class 12 · Economics · Medium
→If the value added of a producing unit becomes negative, what can this generally mean?
Class 12 · Economics · Medium
→If a farmer keeps part of the crop for family consumption instead of selling it, how should the value of that crop be recorded?
Class 12 · Economics · Medium
→If a domestic helper is paid to cook, why can the value of the service be included in national income?
Class 12 · Economics · Medium
→If a family cooks food for its own consumption and receives no payment, why is this activity generally not included in national income?
Class 12 · Economics · Medium
→If an owner lives in their own house, why can imputed rent be included in national income?
Class 12 · Economics · Medium
→If a household receives money as a gift, why is that amount not added to national income?
Class 12 · Economics · Medium
→Why is a government scholarship generally not added under the product method of calculating national income?
Class 12 · Economics · Medium
→If a bank provides brokerage services when shares are purchased, which part can be included in national income?
Class 12 · Economics · Medium
→What is the correct reason for excluding the purchase of bonds from the value-added method?
Class 12 · Economics · Medium
→Why can a property agent’s fee on the sale of an old house be included in national income?
Class 12 · Economics · Medium
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