Q23 of 30 Page 1

State under what conditions in the following statements may be true:

a. GNDI is equal to GNP at market prices.


b. Domestic Income is greater than National Income


c. Value of output is equal to Value Added

a. When net current transfer from abroad are zero.

b. When net factor income from abroad is negative.


c. When intermediate consumption is zero.


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If in an economy:

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the equilibrium level of income.


OR


Explain how the economy achieves equilibrium level of income using Consumption +


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