Trends of national income, Microeconomics

TRENDS OF NATIONAL INCOME:

Estimates relating to India's national income and per capita income are available to us for each of the years beginning 1950-51. These estimates are available to us both at current prices for each of the years, and at constant prices (Base 1993-94) also for each of the years. For the purpose of comparison over a period of time, we generally concentrate on estimates at constant prices. 

It would be seen from that India's national income (at constant prices) has got multiplied by about 10 times during the period beginning with 1950-51. During the same period, per capita income has been increasing, from Rs. 3,687.1 in 1950-51 to Rs. 11,798.7, i.e., by about 3.5 times. The difference in the growth between the national income and the per capita income is accounted for by the growth in population. However, the fact that the per capita income in the economy has been increasing proves that the rate of growth of national income has been more than the rate of growth of population. Let us work out the rates of growth of national income and per capita income for each of the years beginning 1950-51.

Posted Date: 11/10/2012 3:00:07 AM | Location : United States







Related Discussions:- Trends of national income, Assignment Help, Ask Question on Trends of national income, Get Answer, Expert's Help, Trends of national income Discussions

Write discussion on Trends of national income
Your posts are moderated
Related Questions
DRAW A SIMPLE CIRCULAR FLOW DIAGRAM AND DISCUSS BRIEFLY THE DISTINCTION BETWEEN AN INJECTION INTO THE FLOW AND A LEAKAGE FROM IT

Attitude towards Risk: Let's assume the following: The utility function   •  has the single argument "wealth" measured in monetary units,  •  is strictly increasing, and

what is the demand when expanding healthcare infrastructure?

Ask question #Minimum 100 areanycurrentsubsidyorwelfareissueddiscussedoraddressedinparliamentwords accepted#

If a minimum wage were imposed below the competitive equilibrium what would we expect to observe in the effected labor markets?

Some Cost Considerations for Managers * Three guidelines for estimating the marginal cost(MC): 1) Average variable cost should not be used as substitute for the marginal cost(

run a s monopoly how will this benefit stakeholders involved, such as the goverment, businesses, and consumers?


Ask qIf the supply and demand curves for labor are represented by the following equations: Wd= -- (1/100)Ld + 30 Ws= (1/200)Ls Ws=Wd Ld=Ld a. Graph the results and show the equili

why does the quantity of salt tend to be unresponsive to changes in its price