Question
Which of the following transaction is being ignored
while calculating national income?Solution
While computing national income using the income approach, transfer payments such as gifts and donations and profits from the sale of pre-owned goods are excluded. As such sale of land or sale of shares and debentures is not considered while calculating national income.
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The ratio of the speed of the boat in upstream to that of in downstream is 3:4, respectively. If the speed of the current is 5 km/h, then find the speed...
The ratio of the speed of boats ‘A’ and ‘B’ in still water is 8:9, respectively. The speed of the current is 25% of the speed of boat ‘A’ in...
Ratio of speed of boat in downstream and speed of stream is 7:3, if speed of current is 9 km/hr, then find distance travelled (in km) upstream in 6 hours.
