Mission 90% Chapter 3 | National Income and Related Aggregates in One Shot | Class12 Macro Economic
National Income and Related Aggregates in One Shot chapter 3 macro economics #nationalincomeoneshot #chapternationalincome #chapter3macroeconomics #oneshot #macroeconomics #class12thboardexam #class12theconomics #mission90 #cbseboardexam2025 Mission 90% - Chapter 3 | National Income and Related Aggregates in One Shot | Class 12 Macro Economics 💯 Chapter 3 | National Income and Related Aggregates | One Shot | Class 12 Macro Economics 📚 Welcome to AK COMMERCE CLASSES! In this power-packed One Shot lecture, Aditya Khaparde covers Chapter 3: National Income and Related Aggregates in the most fun and simplified way! 💯✨ 🎯 What’s Covered? ✔️ Basic concepts of National Income ✔️ Methods of calculating National Income ✔️ GDP, GNP, NNP, NDP explained with examples ✔️ Real vs Nominal GDP ✔️ Numericals, tricks, and important formulas ✔️ Common exam mistakes and tips 🚀 Perfect for CBSE & State Board Class 12 students aiming for full marks in Macro Economics! 📖 Timestamps: 00:00 - Introduction 02:15 - Key Concepts of National Income 12:30 - Methods of Measuring National Income 25:50 - Numericals & Practice Questions 45:00 - Important Exam Tips 👍 Like | 💬 Comment | 🔔 Subscribe for more fun and effective Commerce classes! 📱 Download Our App: AK COMMERCE CLASSES for full courses, notes, and more! Accounts - • Mission 90% Chapter 1 | Fundamentals ... Indian Economics - • Mission 90% Chapter 1 | Indian Econom... Instagram - https://www.instagram.com/ak.commerce... Download Application - https://play.google.com/store/apps/de... 📌 Perfect for: CBSE & State Board students aiming for 90%+ in Macro Economics! 👍 Like | 💬 Comment | 🔔 Subscribe for more one-shots & exam hacks! We Will Cover All this Topics Economics National Income and Related Aggregates Definition and scope of Macroeconomics Basic concepts: consumption goods, capital goods, final goods, intermediate goods; stocks and flows; gross investment and depreciation Circular flow of income (two-sector model) Methods of calculating National Income: Value Added or Product Method, Expenditure Method, Income Method Aggregates related to National Income: Gross National Product (GNP), Net National Product (NNP), Gross Domestic Product (GDP), Net Domestic Product (NDP), Market price vs. factor cost; Real and Nominal GDP GDP Deflator GDP and Welfare Money and Banking Money: meaning and functions Supply of money: currency held by the public and net demand deposits held by commercial banks Money creation process by commercial banks Central Bank (Reserve Bank of India): functions including Bank of Issue, Government's Bank, Banker's Bank Credit control measures: Bank Rate, Cash Reserve Ratio (CRR), Statutory Liquidity Ratio (SLR), Repo Rate, Reverse Repo Rate, Open Market Operations, Margin Requirements Determination of Income and Employment Aggregate demand and its components Propensity to consume and save (average and marginal) Short-run equilibrium output Investment multiplier and its mechanism Concepts of full employment and involuntary unemployment Issues of excess demand and deficient demand Measures to correct demand imbalances: changes in government spending, taxation, and money supply Government Budget and the Economy Government budget: meaning, objectives, and components Classification of receipts: revenue receipts and capital receipts Classification of expenditure: revenue expenditure and capital expenditure Types of budgets: balanced, surplus, and deficit Measures of government deficit Balance of Payments Balance of Payments account: meaning and components Concepts of surplus and deficit in Balance of Payments Foreign exchange rate: fixed, flexible, and managed floating rates Determination of exchange rates in a free market Merits and demerits of different exchange rate systems Managed floating exchange rate system
