Saturday, May 2, 2020

Macro Economics - Unit 1


CLASS XII

MACROECONOMICS

SUPPORT MATERIAL OF ECONOMICS

Unit 1:  National Income and Related Aggregates

Some basic concepts:  

  •  Consumption Goods
  •  Capital Goods
  •  Final and Intermediate goods
  •  Stock and flow.

Methods of calculating National Income – Value added or Product method, Expenditure method, Income method.


Aggregate related to National Income: Gross National Product (GNP), Net National Product(NNP), Gross and Net Domestic Product (GDP & NDP) – at market price, at factor cost .


GDP & Welfare.

http://cbseacademic.nic.in/web_material/CurriculumMain21/SrSecondary/Econonics_Sr.Sec_2020-21.pdf



 Read Unit 1: National income Accounting 


http://ncertbooks.prashanthellina.com/class_12.Economics.Macroeconomics/Chapter%202.pdf
 

Videos

Basic concepts of National Income accounting


Measurement of National Income

  1. 1.      Value Added or Output Method



  1. 2.      Income Method



  1. 3      Expenditure Method


Handouts 

 


Question & Answer for Revision 


MCQs



WORKSHEETS  FOR PRACTICE


Download Worksheet

NCERT Solutions

 

https://www.learncbse.in/ncert-solutions-class-12-macro-economics-national-income-relatedaggregates/
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