National Income Aggregates

Economics · Chapter 19 · 6. National Income

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Your path through this chapter

1
Visual lesson Beta
1. Part 1: The Eight Aggregates and National Income17 slides
2. Part 2: Income Concepts, Real GDP and Welfare17 slides
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Notes Beta
6 sections with key terms, formulas and exam tips.
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Flashcards Beta
30 cards for quick recall of key terms and facts.
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Practice
77 board-style questions with instant checks: Multiple choice 25, Short answer 22, Assertion and reason 7, Long answer 7.
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5
Chapter test Free
Short and long chapter tests in board pattern, with results and analysis.
- Chapter test (long) — National Income Aggregates · 40 marks · 100 min
- Chapter test (short) — National Income Aggregates · 20 marks · 50 min
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GDP, GNP, NDP, NNP at market prices and at factor cost; net factor income from abroad; depreciation; net indirect taxes
National income (NNP at factor cost) and per capita income
Private income, personal income, personal disposable income, national disposable income (gross and net)
Real GDP and nominal GDP
GDP and welfare: limitations of GDP as an index of economic welfare