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…
In Macroeconomics all variables are classified as stock & flows. There all lot of variable economic aspects in economics for example income, saving, production, expenditure, demand etc. All these economic variables are either stock or flow. I have made a…
