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1). What is the “Basic Objective”, of the ‘Study, of the “Macroeconomics?” Make, a distinction, in between, the “Stock
Concepts” and the, “Flow Concepts”, in the ‘Macroeconomic Theories.’ What is meant by the, “Depreciation of the
Capital?” What are the, “Value-added Methods”, for the ‘Measurements’, of the, “National Incomes”? What do you mean
by the “Income Methods”, for the “Measurements”, of the, “National Incomes”? What is meant by the, “GDP Deflators”?
What, is meant by the, “Expenditures Methods”, for the ‘Measurements’, of the, “National Incomes”? Indicate, the
distinctions, “Nominal Gross Domestic Products”, and the, “Real Gross National Products”.
2). What do you mean by the, “Transfers’ Income”? How, is the, “Personal Income”, different from the “National
Incomes”? Distinguish, in between, the, “Nominal National Incomes” and, the “Real National Incomes.” What, is meant by
the, “Problems of the Double-counting”?
3). Distinguish, in between, the, “Micro Economic Theories” and the, “Macro Economic Theories”. What, is meant by the,
“Circular Flows of the Incomes”. Identify, the, ‘Two Drawbacks’, as regards, the, “National Incomes” in the, ‘Under-
developed Countries’ like, the, “India”.
4). Identify, the, distinctions, in between the, “GNP”, and the “GDP, at the Markets’ Prices”.