The unsolved practical questions in Chapter 3 of Sandeep Garg’s Macroeconomics for Class 12 are designed to test students’ understanding of the concept of national income. These questions require students to apply theoretical concepts to real-world scenarios, making them an essential part of the learning process.
National Income = ₹ 10,000 crores - ₹ 1,000 crores - ₹ 2,000 crores + ₹ 500 crores = ₹ 7,500 crores
GDP at factor cost = GDP at market price - Net indirect taxes
National Income = GDP at market price - Depreciation - Net indirect taxes + Net factor income from abroad