Macroeconomics | Estimation of National Income | Class 12 | chapter 4

Macroeconomics | Estimation of National Income | Class 12 | chapter 4

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Sir I have a question..which is : capitals goods are final goods we know that but capitals goods are also used as a raw material or from capital goods firms or individual generate furthar income like machinary used by firm for further production or car purchased by a Driver for further production so will we consider them as a intermiate consumption or not....? as you say that intermediate consumption refers to the purchase of raw material... Plz sir tell me the asnwer 🙏

[@kunalbansal7495]

Nhi Vo intermediate goods nhi honge qki intermediate goods Vo hote h jinme production process puri nhi hoi hoti means Vo *semi finished goods* hai but capital goods are final goods unme ab koi production ki jarrort nhi hai but unke dwaara production ki jaa sakti hai

[@RadheKrishan-fe2wk]

Isme aisa h ki jaise agr machinery purchase ki h na toh voh production m help kr rahi h 1 year se jada but vahi raw material m vho count hoga jo ek year m hi use krke khatm jaise agr school bench kharidta h toh voh final ho jayega kyu ki ek saal se jada help krega voh means fixed asset but vhi agr school chalk kharidta h hum bolne ko final bol skte h lekin voh service provide krne m help kr raha ek saal ke andar andar then voh raw material hogi isliye

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bro cars machines are final goods and are under capital goods although they are used for productions but there life is more than one year tht's why

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It will be considered as final goods.. sub part capital goods because it is a investment for a taxi driver in the car as it will increase his earning capacity.

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Sir ager " purchase of machinery " in value added method diya hai toh consider hota hai or not

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Bhai hota hai include, Gross value added aur net value added mai bhi. Gross value added mai poora add hota hai, lekin Net value added mai "purchase of machinery" add karke usme se Depreciation minus karna hota hai. Purchase of machinery ek tarah se Capital formation hi hai. Lekin asli capital formation nikaalne ke liye Purchase of machinery mai se depreciation minus karna padta hai. So, value added mai "purchase of machinery" consider hoga.

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@@harshvardhansingh820 Bhai par woh toh ek tarah ke ka final consumption hua na '' intermediate consumption '' is what required in value add method ! ?? Bhai bahut confusion hota hai

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@@Insightcast45 bhai gross value added or GDP same hi hote hain. To Agar GDP nikaalni hai toh gross investment count Hota Hai. Maine bhi abhi bahut jyada acche se nahin pada hai lekin mujhe lagta hai Yahi sahi hai

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Sir syllabus ke according to chapter 4 mein se to nahin a Raha measurements of national income. This is syllabus for economic. Aggregates related to National Income: Gross National Product (GNP), Net National Product (NNP), Gross Domestic Product (GDP) and Net Domestic Product (NDP) - at market price, at factor cost; Real and Nominal GDP GDP Deflator, GDP and Welfare.

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