(i) Intermediate goods are included in national income.
(ii) Coins in India are limited legal tender money.
(iii) Unequal distribution of income leads to increase in poverty.
(iv) Mining and excavation are included in the primary sector.
(v) The change in price level can be measured by the index number.
Answers
Explanation:
(i) Intermediate goods are included in national income.
(ii) Coins in India are limited legal tender money.
(iii) Unequal distribution of income leads to increase in poverty.
(iv) Mining and excavation are included in the primary sector.
(v) The change in price level can be measured by the index number.
btw what's the question?
Answer:
1)Intermediate goods are not counted in a country's GDP, as that would mean double counting, as the final product only should be counted, and the value of the intermediate good is included in the value of the final good
11)The coins issued by Government of India under Section 6 of The Coinage Act, 2011, shall be legal tender in payment or on account provided that a coin has not been defaced and has not lost weight so as to be less than such weight as may be prescribed in its case.
111)Had income growth been equally distributed, which in this analysis means that all families' incomes would have grown at the pace of the average, the poverty rate would have been 5.5 points lower, essentially, 44 percent lower than what it was.
iv)The Primary sector of the economy includes any industry involved in the extraction and production of raw materials, such as farming, logging, hunting, fishing, and mining. The primary sector tends to make up a larger portion of the economy in developing countries than it does in developed countries.
v)Inflation is an increase in the overall price level. The official inflation rate is tracked by calculating changes in a measure called the consumer price index (CPI). The CPI tracks changes in the cost of living over time. Like other economic measures it does a pretty good job of this.