NATIONAL INCOME | 10 MARKS | ONE SHOT REVISION | CLASS 12 MACRO ECONOMICS BOARD EXAM 2025. DONT MISS

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Topics Covered.

0:00 - Introduction.
00:59 - Four sectors of an economy.
01:24 - Circle flow of income.
03:33 - Phases of circular flow of Income.
04:10 - Real flow vs money flow.
04:52 - Difference between stock and flow.
08:16 - Types of goods in the economy.
08:25 - Final goods.
10:43 - Types of final goods.
11:30 - Intermediate goods.
16:37 - Some goods may be final goods and intermediate goods.
17:16 - Consumer Goods.
18:35 - Capital goods.
19:42 - Note for capital and producer goods.
20:35 - Difference between final goods and intermediate goods.
22:26 - Question no.1.
24:57 - Three methods to calculate national.
25:37 - Precautions regarding production method.
27:25 - Problem of double counting.
29:44 - Precautions regarding income method.
31:35 - Precautions regarding expenditure method.
33:15 - what is national income?
33:50 - Inclusions in domestic territory.
34:57 - Exclusions in domestic territory.
35:52 - GDP and welfare.
36:30 - Exceptions of GDP welfare.
40:45 - Difference between Real GDP and Nominal GDP.
43:45 - GDP deflator or price index.
44:40 - Components of NFIA.
45:49 - Difference between depreciation and capital loss.
47:11 - All formulae revision.
51:58 - Question no.1.
54:22 - Question no.2.
57:26 - Question no.3.
1:01:15 - Question no.4.
1:03:22 - Question no.5.
1:05:36 - Question no.6.
1:09:21 - Question no.7.
1:15:26 - Question no.8.

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( SUNIL PANDA )

[SagarVerma-tego]

Vote for answer writing and time management video ❤

[vickychopra]

54:14 sir indirect taxes are given in question then we will not consider goods and services tax . Correct answer will be 120-0-(12-0) = 108 . Am I right

[mamtapal]

In Question 1 we will consider Indirect Taxes not GST as it is already included in IT ...

[udayydubeyy]

sir have my next pre board exam of eco on Monday and you you dropped the entire national income one shot thank you sir ✨

[ownbeauty]

Sir stock of raw material v to diya h to wo v add hoga n ? Intermediate cost me ....?

[muskankeshri]

54:14 me sir question me toh indirect tax diya tha toh phir gst kyu liya ????❤

[MayankMeena-ni]

kise ne notice kiya ki video ke 33:57 timing pe sir ne (GTA 5) ki photo lagayi hai cargo plane wali 😂😂😂😂

[AbhishekSonkar-ew]

Sir Q 5 me Gross fixed capital formation niklana hai to sir isme fixed ko Hatane ke liye chane in stock add karte hai na, to sir kyu stock ko add Kiya sir Samaja me nahi aa Rahe please sir Bata dijyye nahi to koi comment wale he samja do please.

[SagarVerma-tego]

20:30 sir aap ho tb to aaram se pass ho jayege ❤❤

[Gurleen-xx]

Gud morning sir.Thank you so much sir ❤😊
52:45
Sir actually meh Indirect taxes ki value 12 aayegi 8 nhi

The correct answer of Question 1 is 108 crores

[unknownqueen]

53:50 sir do indirect tax hainaa? Uper wala kyu nhii liya?

[rounak_]

Thank u sir pura crystal clear Ho Gaya aab sirf revision karenge aur dhamal macha denge exam mein...

[RamkishorGupta-or]

Sir you're amazing and your videos are very helpful fir boards students ✨️✨️ you are the best 👌 👍 😍

[Quikcast_shorts]

vote for a video on what is included in national income and domestic income of country and what is not.

[BaniKhanna-wv]

Sir 54:14 time pe jo question aap kara rhe the usme indirect tax given tha but aap ne goods and services tax liya

[SoniaSonia-uy]

Sirr pic and graph based questions krado

[princekumar-nuu]

thanks alot sir ji you made my day bs macroeconomics me 40\40 ke Liye Kuch khatarnaak revision karva dijiye specially numericlas
. mujhe concepts me clearity nhi milti plzzzz sir its an humble request

[WebDeveloper-fsns]

sir..if a farmer produce 400kg wheat then he use 100kg for self consumption.while calculating national income we include 100kg wheat..Am i right??

[anjugarg]

Sir national income chapter ke pyq lekr aajao plzz taki hum sab written practice kr pae ❤❤❤ plzz sir jaldi se jaldi lekr aao ❤❤❤❤❤❤

[SatyendraLodhiEduKeshan]

23:32 how chalk and duster are intermediate goods, since they are consumed by school(final user) and have no other value addition to them to make another good or service. If you say educatio as a service produced by these then also it is not correct because they are medium like chairs and fans not the provider(i.e. teacher).