Question
Which of the following is not a method to calculate
GDP?Solution
National income accounts have three sides: a product side, an expenditure side and an income side. So there are three methods of measuring national Income. They are 1. Output/Production or value added method 2. Incomemethod 3. Expenditure Method · The product side measures production based on concept of value added and has two widely reported measures of overall production namely, Gross Domestic Product (GDP) and Gross National Product (GNP). · The expenditure side looks at the final sales of goods and services, Whereas the income side measures the distribution of the proceeds from sales to different factors of production. · Accordingly, national income is a measure of the total flow of ‘earnings of the factor-owners’ which they receive through the production of goods and services. · Thus, national income is the sum total of all the incomes accruing over a specified period to the residents of a country and consists of wages, salaries, profits, rent and interest.
Select the most appropriate direct form of the given sentence.Â
I asked Rahul why he was back so soon.
Select the most appropriate direct form of the given sentence.
She says that she would like to be an ambassador to a foreign country when she grows up.
Choose the option that is the direct form of the sentence.
Vikas said to Navin that he hadn’t met him since February the previous year.
Convert the given Indirect Speech into Direct SpeechÂ
John asked if I would join him for dinner.Â
The reporter says whether she thinks they need to change their policy.Â
The warden of the hostel says whether she thinks they need room heater.
Select the option that expresses the given sentence in indirect speech.
The priest said to me, “You have committed a cardinal sin.”
Select The Correct Direct / Indirect Form of the given sentence.
The STF inquired whether his name was Raka.
The doctor has given me a very painful injection.
Select the option that expresses the given sentence in reported speech.
The villager said to the little boy, “How are you doing?”
