CBSE Class 12 Macro Economics Chapter-2 Important Questions - Get Free PDF Download
FAQs on CBSE Class 12 Important Questions for Macro Economics Chapter 2: National Income Accounting
1. What are the important concepts of Chapter 2 of Class 12 Macroeconomics?
In NCERT Solutions for Chapter 2 of Class 12 Macroeconomics, Vedantu provides students with all the important topics and concepts to learn and understand. These important concepts are explained from the examination point of view. Some important concepts in this chapter include types of goods, types of investment, the flow of income and circular flow of income, conditions for equilibrium in a four sector economy, techniques of measurement of national income, components of domestic factor income, national income, and GDP.
2. How can I learn Chapter 2 of Class 12 Macroeconomics using NCERT Solutions?
NCERT Solutions for Class 12 macroeconomics Chapter 2 National Income Accounting covers a huge variety of concepts and topics that students can learn. Vedantu provides students with an opportunity to learn all these important concepts and topics. Chapter 2 helps students understand how to calculate the national income and the related concepts to it. It gives them a complete outlook as to what the students need to understand and what they need to learn about national income accounting.
3. How do we calculate the National Income?
National Income refers to the aggregate of income factors of all the residents living in the country. The National Income of a country can be calculated by using three main methods. These methods include the Income method, Expenditure method, and Product method or output method or value added method. All three methods are equally important to learn and understand. However, students can use the Income method to calculate the National Income as it is faster, easier, and more convenient for students to use.
4. What is National Disposable Income?
National Disposable Income (NDI) refers to the total income that is available for the entire economy in terms of spending purpose and/or for disposition. It is the maximum amount a country can afford to spend for the consumption of services and goods during an accounting year without any added expenditure or increase in liabilities. The NDI formula is as follows:
Net National Disposable Income = Net National Product at Factor Cost + Net Indirect taxes + Net Current Transfers from Rest of the World
5. Where can I find NCERT Solutions for Chapter 2 of Class 12 Macroeconomics?
Vedantu provides students with the best NCERT Solutions for Class 12 Macroeconomics. It provides all the important questions and answers for Chapter 2 “National Income Accounting”. NCERT Solutions covers all types of questions including exercise questions, HOTs questions, and in-text questions. There are a variety of questions that will help students understand the chapter better. These solutions to all the important questions are crucial for all CBSE Students from the examination viewpoint. Students can even download the Solutions PDF for free on the Vedantu Mobile App and official website(vedantu.com).