Balbharati solutions for Economics HSC 12th Standard Maharashtra State Board
Chapter 7. National Income
Q.2.Complete the Correlation:
1. GDP : C + I + G + (X-M) :: GNP : C + I + G + (X-M) + (R-P).
2. Output method : product method or inventory method :: Income method : Factor cost method
3. Theoretical difficulty : Transfer payments :: Practical Difficulty : Valuation of Inventories
