CBSE Class 12 Economics National Income Worksheet Set B

Read and download free pdf of CBSE Class 12 Economics National Income Worksheet Set B. Download printable Economics Class 12 Worksheets in pdf format, CBSE Class 12 Economics Part B Macroeconomics Chapter 2 National Income Accounting Worksheet 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 Class 12. Free chapter wise worksheets with answers have been designed by Class 12 teachers as per latest examination pattern

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

Class 12 Economics students should refer to the following printable worksheet in Pdf in Class 12. This test paper with questions and solutions for Class 12 Economics will be very useful for tests and exams and help you to score better marks

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

Worksheet on National Income

Theory Questions - 1
 
1. Answer in one sentences
 
1. Define circular flow of income.
 
2. Define National Income.
 
3. What should be added to ‘net domestic product’ to get ‘net national product’?
 
4. Define Real National Income.
 
5. What is a GNP deflator?
 
2. Answer in around 75 words ( 3 or 4 marks)
 
1. Distinguish between real flow and money flow. Give example.
 
2. Why do we study macro economics?
 
3. How will you derive Gross National Income at market prices from Domestic Income?
 
4. Distinguish between national income and domestic income.
 
5. Distinguish between consumption goods and capital goods.
 
6. Explain the concepts of stocks and flows.
 
7. Define Investments. What is the difference between Gross Investments and Net Investments?
 
8. Distinguish between intermediate products and final products. Give examples.
 
3. Answer in around 100 words (6 marks).
 
1. Explain the circular flow of income in a two sector economy.
 
2. What are the precaution to calculate national income by:
a) Value added method (b) Income method (c) Expenditure method
 
3. Write the steps to calculate national income by (a) Product method (b) Income method (c) Expenditure method
 
4. Are the following included in Gross Domestic Product? Give reasons.
 
1. Domestic services rendered by a hired servant.
 
2. Value of gift received by the government.
 
3. Scholarship given by the government by the student.
 
4. Sale of secondhand asset by the government.
 
5. Employee’s contribution to social security schemes.
 
6. Income taxes paid by the people.
 
7. Commission paid to a broker who is dealing in secondhand assets.
 
8. Purchase or sale of shares and bond.


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

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

The above practice worksheet for Part B Macroeconomics Chapter 2 National Income Accounting has been designed as per the current syllabus for Class 12 Economics released by CBSE. Students studying in Class 12 can easily download in Pdf format and practice the questions and answers given in the above practice worksheet for Class 12 Economics on a daily basis. All the latest practice worksheets with solutions have been developed for Economics by referring to the most important and regularly asked topics that the students should learn and practice to get better scores in their examinations. Studiestoday is the best portal for Printable Worksheets for Class 12 Economics students to get all the latest study material free of cost. Teachers of studiestoday have referred to the NCERT book for Class 12 Economics to develop the Economics Class 12 worksheet. After solving the questions given in the practice sheet which have been developed as per the latest course books also refer to the NCERT solutions for Class 12 Economics designed by our teachers. After solving these you should also refer to Class 12 Economics MCQ Test for the same chapter. We have also provided a lot of other Worksheets for Class 12 Economics which you can use to further make yourself better in Economics.

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