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Ca Dipesh Arora 6 years, 6 months ago
then national income i.e NNPfc = GDP mp - dep + nfia - nit
Ca Dipesh Arora 6 years, 6 months ago
GDPMP = government final consumption expenditure + private\household final consumption expenditure + gross domestic fixed capital formation + change in stocks + net exports
notes:-
1. if gross domestic capital formation is given without the word fixed, then change in stock is ignored in the formula
2. change in stock = closing stock - opening stock
3. net exports = exports -imports
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Gaurav Seth 6 years, 6 months ago
Money is a dynamic factor because:
(i) It has facilitated exchange beyond limits.
(ii) It has facilitated accumulation of wealth for the purpose of investment.
(iii) It has facilitated flow of capital from one place to other and from developed countries to less developed countries of the world.
Briefly, money is a dynamic factor because it helps economic stability and promotes the process of growth and development.
1Thank You