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Class XII : Economics
Chapter: Basic Concepts of National Income Accounts
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Pre-requisites
 
This is the first chapter of national income accounting. It will take you through the basic concepts, which will be used throughout this book. Most concepts are briefly introduced and some are discussed in detail, in the later chapters.

Usually, examples follow the theory. So, if you find the theory hard to follow, try to understand the example and then read the theory.

  1. What is an economy? (Explanation)
  2. What are goods and services? (Explanation)
 
 
Pre-test

A pre-test allows you to be sure you have a clear understanding of the concepts given above. Your score in this test is an indicator of your familiarity with the pre-requisites. We suggest you go through the pre-requisites again in case you do not score high in this test. And remember, you can take this test only once (unless specified otherwise). The evaluation for this test will be available in your performance tracker.
To take the test, click here
 
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