# CBSE Class 12 Economics National Income Accounting Worksheet Set B

Download printable Economics Class 12 Worksheets in pdf format, CBSE Class 12 Economics National Income Accounting Worksheet Set B has been prepared as per the latest syllabus and exam pattern issued by CBSE, NCERT and KVS. Also download free pdf Economics Class 12 Assignments and practice them daily to get better marks in tests and exams for Grade 12. Free chapter wise worksheets with answers have been designed by Standard 12 teachers as per latest examination pattern

## Worksheet for Class 12 Economics Part B Macroeconomics Chapter 2 National Income Accounting

Class 12 Economics students should refer to the following printable worksheet in Pdf for Part B Macroeconomics Chapter 2 National Income Accounting in Grade 12. This test paper with questions and solutions for Standard 12 Economics will be very useful for tests and exams and help you to score better marks

### Part B Macroeconomics Chapter 2 National Income Accounting Class 12 Economics Worksheet Pdf

National Income Accounting

VERY SHORT ANSWER / OBJECTIVE TYPE QUESTIONS (1 Mark each)

1. Net national product at factor cost is called:
a) Private income   b) domestic income   c) national income  d) Income

2. Define depreciation

3. Indirect tax less subsidies is called--------------

4. Net value added at factor cost equals to :
a) GDPmp   b) NDPfc   c) NNPfc   d) GDPfc

5. The percentage ratio of Nominal to real GDP is called --------

6. Define mixed income of self-employed.

7. Write the components of operating surplus.

SHORT ANSWER QUESTIONS (3 / 4 Marks each)

8. Define net factor income from abroad. State its components.

9. Distinguish between real GNP and nominal GNP.

10. Explain the term domestic territory. What all is included as domestic territory of a country? Discuss its importance in national income accounting.

11. What is net factor income from abroad? Explain its components.

12. What are the advantages of Real GDP over nominal GDP.

13. Explain the components of compensation of employees.

LONG ANSWER QUESTIONS (6 Marks each)

14. What are the precautions to be taken while calculating national income? Explain with reason.

15. Explain the steps of estimating national income through the value added method.

16. Explain the steps of estimating national income through the expenditure method.

17. Explain the steps of estimating national income through the income method.

18. What are the inadequacies of national income as an index of welfare?

19. How will you treat the following in the estimation of national income ?
a) Expenditure incurred on buying shares of a company
b) Imputed value of owner occupied house
c) Wheat grown by a farmer but used for self-consumption.

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