Nominal GDP and Real GDP are the important topics of the national income chapter of Macroeconomics class 12 CBSE Board. It is a short topic and in this lecture, we will discuss it in detail covering its all aspects. The…
Normal Resident is the important topic of National Income chapter of Macroeconomics Class 12 CBSE Board. An individual production activities are included/excluded in national income on the basis of his status as normal resident or non-resident. An MCQ base question…
Domestic Territory is also called Economic territory. A countries national & domestic income is calculated keeping in mind the production activities are done within or outside the domestic territory of a country. Define Economic (Domestic) Territory of a country in…
Topic of Circular Flow of Income is concerned with Chapter of National Income macroeconomics class 12 CBSE Board. A question of MCQ and 3 marks question can come in board exam from this topic. So, lets understand the basic concept…
transfer payments is a very important topic in national income chapter of macroeconomics class 12 CBSE Board I will discuss definition, types and few examples of transfer payments in this article in detail. Define Transfer Payments A transfer is a…
