CBSE Class 12 Economics National Income Accounting Worksheet Set E

Access the latest CBSE Class 12 Economics National Income Accounting Worksheet Set E. We have provided free printable Class 12 Economics worksheets in PDF format, specifically designed for Part B Macroeconomics Chapter 2 National Income Accounting. These practice sets are prepared by expert teachers following the 2025-26 syllabus and exam patterns issued by CBSE, NCERT, and KVS.

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

Students should use these Class 12 Economics chapter-wise worksheets for daily practice to improve their conceptual understanding. This detailed test papers include important questions and solutions for Part B Macroeconomics Chapter 2 National Income Accounting, to help you prepare for school tests and final examination. Regular practice of these Class 12 Economics questions will help improve your problem-solving speed and exam accuracy for the 2026 session.

Download Class 12 Economics Part B Macroeconomics Chapter 2 National Income Accounting Worksheet PDF

National Income and Related Aggregates Study notes
 
NATIONAL INCOME ACCOUNTING
 
In our modem economic setting the flow of production arises out of production of commodities - goods and services by millions of enterprises large and small. These enterprises range from giant corporations to single entrepreneur enterprises. Each producer of commodities intends to sell her output. The consumer may, in turn, be an individual or an enterprise and the good or service purchased might be for final use or for use in further production.
 
INTERMEDIATE AND FINAL GOODS
 
When the good or service is purchased for further production, it is known as an intermediate good. These are transformed through another productive process into final goods which is sold to for final use. Such an item that will not undergo any further transformation is called a final good.
 
Distinction between Intermediate and Final goods

CBSE Class 12 Economics National Income Accounting Worksheet Set E 1

Final goods can be further classified according to their use as consumer goods and capital goods.Consumer Goods: Goods like food and clothing, and services like recreation that are consumed when purchased by their ultimate consumers are called consumption goods or consumer goods. (This also includes services). These can be further identified according to their life time of use (Durability) as:
 
• Consumer Durables (Long time period of repeated use)
• Consumer Non-durables (Short time period of use OR single use)
• Consumer Services (Produced and consumed at same period of time)
 
Capital Goods: Goods that are of durable character like tools, implements and machines are used in the production process. These are also final goods but these are not ultimately consumed. These goods are capital good or a crucial factor of production in which an enterprise invests. A part of final output of capital goods constitutes Gross investment in an economy. These may be machines, tools and implements; buildings, office spaces, storehouses or infrastructure like roads, bridges, airports, etc.
 
These capital goods gradually undergo wear and tear (Depreciation OR consumption of Fixed Capital) and thus are repaired or gradually replaced over time. The stock of capital that an economy possesses is thus preserved, maintained and renewed partially or wholly over time. Depreciation does not take into account unexpected or sudden destruction or disuse of capital as can happen with accidents, natural calamities or other such extraneous circumstances
 
Distinction between Capital Loss and Consumption of Fixed Capital

CBSE Class 12 Economics National Income Accounting Worksheet Set E 2
 
All capital goods produced in a year do not constitute an addition to the capital stock already existing. New addition to capital stock in an economy is measured by net investment or new capital formation, which is expressed as:
 
Net Investment = Gross investment –Depreciation

CBSE Class 12 Economics National Income Accounting Worksheet Set E 3

 
CONCEPT OF STOCKS AND FLOWS
 
Income, or output, or profits are concepts that are measured only when a time period is specified. These are called flows because they occur in a period of time. Flows are defined over a period of time.
 
Capital goods or consumer durables once produced do not wear out or get consumed in a time period. These continue to serve through different cycles of production. There can be addition or deduction made from these goods. These are called stocks. Stocks are defined at a particular point of time.
 
Distinction between Flows and Stocks
CBSE Class 12 Economics National Income Accounting Worksheet Set E 4
 
CIRCULAR FLOW OF INCOME
 
Total output of final goods and services produced in an economy in a year has two different parts. The households in the economy make up its workforce, which supply their factor services of Land, Labour, Capital and Enterprise to firms. Firms combine their stock of capital goods, tools, machines, infrastructure etc. to produce goods and services.
 
Households receive factor payments (Rent, Wages, Interest and Profits) in return to their supply of factor services. The same factor income is used to buy the goods and services produced by the firms. This is called a circular flow of income. 
CBSE Class 12 Economics National Income Accounting Worksheet Set E 5
 
 
 
Both firms are households also save a part of their income in the financial market. At the same time the financial market uses these savings to extend loans as borrowings to both households and firms. Savings is considered as a leakage as money saved come out of the circular flow. Loans and borrowings are considered as Injections into the circular flow of income. The role of the financial market is to facilitate savings and borrowings.
CBSE Class 12 Economics National Income Accounting Worksheet Set E 6
 
 
Circular Flow of Income (Three Sector Model)
 
The role of the government in the circular flow is to collect direct taxes from households and indirect taxes from firms. Government also provides subsidies to firms and transfer payments to households.

CBSE Class 12 Economics National Income Accounting Worksheet Set E 7


Please click on below link to download CBSE Class 12 Economics National Income Accounting Worksheet Set E

Indian Economic Development Chapter 01 Indian Economy on the Eve of Independence
CBSE Class 11 Economics Indian Economy At Eve of Independence Worksheet
CBSE Class 11 Economics Indian Economy On The Eve of Independence Worksheet Set A
CBSE Class 11 Economics Indian Economy On The Eve of Independence Worksheet Set B
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Indian Economic Development Chapter 02 Indian Economy 1950-1990
CBSE Class 12 Economics Indian Economy Worksheet Set A
CBSE Class 12 Economics Indian Economy Worksheet Set B
Indian Economic Development Chapter 04 Poverty
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Indian Economic Development Chapter 05 Human Capital Formation In India
CBSE Class 12 Economics Human Capital Formation in India Worksheet Set A
CBSE Class 12 Economics Human Capital Formation in India Worksheet Set B
Indian Economic Development Chapter 06 Rural Development
CBSE Class 11 Economics Rural Development Worksheet
Part A Microeconomics Chapter 01 Introduction to Micro Economics
CBSE Class 12 Economics Introduction To Microeconomics Worksheet
CBSE Class 12 Economics Introduction to Microeconomics Worksheet
CBSE Class 12 Economics Introduction Worksheet Set A
CBSE Class 12 Micro Economics Introduction Worksheet
Part A Microeconomics Chapter 02 Theory of Consumer Behaviour
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CBSE Class 12 Economics Demand Analysis Worksheet Set A
CBSE Class 12 Economics Elasticity of Demand Worksheet
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Part A Microeconomics Chapter 03 Production and Costs
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CBSE Class 12 Economics Production Possibility Curve Worksheet
Part A Microeconomics Chapter 04 The Theory of Firm Under Perfect Competition
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Part A Microeconomics Chapter 05 Market Equilibrium
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Part A Microeconomics Chapter 06 Non Competitive Markets
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CBSE Class 12 Micro Economics Price Elasticity of Demand Worksheet
Part B Macroeconomics Chapter 01 Introduction to Macroeconomics
CBSE Class 12 Economics Introduction To Macroeconomics Worksheet
Part B Macroeconomics Chapter 02 National Income Accounting
CBSE Class 12 Economics Expenditure Method Numericals Worksheet Set A
CBSE Class 12 Economics Expenditure Method Numericals Worksheet Set B
CBSE Class 12 Economics Income And Expenditure Method Worksheet
CBSE Class 12 Economics Income Method Worksheet Set A
CBSE Class 12 Economics Income Method Worksheet Set B
CBSE Class 12 Economics National Income Accounting Worksheet Set A
CBSE Class 12 Economics National Income Accounting Worksheet Set B
CBSE Class 12 Economics National Income Accounting Worksheet Set B
CBSE Class 12 Economics National Income Accounting Worksheet Set C
CBSE Class 12 Economics National Income Accounting Worksheet Set D
CBSE Class 12 Economics National Income Accounting Worksheet Set E
CBSE Class 12 Economics National Income Worksheet Set A
CBSE Class 12 Economics National Income Worksheet Set B
Part B Macroeconomics Chapter 03 Money and Banking
CBSE Class 12 Economics Money And Banking Worksheet Set A
CBSE Class 12 Economics Money And Banking Worksheet Set B
CBSE Class 12 Economics Money And Banking Worksheet Set C
Part B Macroeconomics Chapter 04 Determination of Income and Employment
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Part B Macroeconomics Chapter 05 Government Budget and The Economy
CBSE Class 12 Economics Goverment Budget And The Economy Worksheet Set A
CBSE Class 12 Economics Goverment Budget And The Economy Worksheet Set B
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CBSE Class 12 Economics Worksheet Set A Solved
CBSE Class 12 Economics Worksheet Set B Solved

Important Practice Resources for Class 12 Economics

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

Students can use the Part B Macroeconomics Chapter 2 National Income Accounting practice sheet provided above to prepare for their upcoming school tests. This solved questions and answers follow the latest CBSE syllabus for Class 12 Economics. You can easily download the PDF format and solve these questions every day to improve your marks. Our expert teachers have made these from the most important topics that are always asked in your exams to help you get more marks in exams.

NCERT Based Questions and Solutions for Part B Macroeconomics Chapter 2 National Income Accounting

Our expert team has used the official NCERT book for Class 12 Economics to create this practice material for students. After solving the questions our teachers have also suggested to study the NCERT solutions  which will help you to understand the best way to solve problems in Economics. You can get all this study material for free on studiestoday.com.

Extra Practice for Economics

To get the best results in Class 12, students should try the Economics MCQ Test for this chapter. We have also provided printable assignments for Class 12 Economics on our website. Regular practice will help you feel more confident and get higher marks in CBSE examinations.

Where can I download the latest PDF for CBSE Class 12 Economics National Income Accounting Worksheet Set E?

You can download the teacher-verified PDF for CBSE Class 12 Economics National Income Accounting Worksheet Set E from StudiesToday.com. These practice sheets for Class 12 Economics are designed as per the latest CBSE academic session.

Are these Economics Class 12 worksheets based on the 2026 competency-based pattern?

Yes, our CBSE Class 12 Economics National Income Accounting Worksheet Set E includes a variety of questions like Case-based studies, Assertion-Reasoning, and MCQs as per the 50% competency-based weightage in the latest curriculum for Class 12.

Do you provide solved answers for CBSE Class 12 Economics National Income Accounting Worksheet Set E?

Yes, we have provided detailed solutions for CBSE Class 12 Economics National Income Accounting Worksheet Set E to help Class 12 and follow the official CBSE marking scheme.

How does solving CBSE Class 12 Economics National Income Accounting Worksheet Set E help in exam preparation?

Daily practice with these Economics worksheets helps in identifying understanding gaps. It also improves question solving speed and ensures that Class 12 students get more marks in CBSE exams.

Is there any charge for the Class 12 Economics practice test papers?

All our Class 12 Economics practice test papers and worksheets are available for free download in mobile-friendly PDF format. You can access CBSE Class 12 Economics National Income Accounting Worksheet Set E without any registration.