National Income Accounting

[The Villain]

25 d
26 b

[Ashima]

Yes 25th is d.

26th is 880!

For statistical discrepancy, its the difference between current account balance and capital account balance.

And see for NI;

NI = GDP + NR - IBT - CC
NI = National income
NR = + or - Net income from assets abroad (net income receipts)
IBT = Indirect business taxes
CC = Depreciation

[Anjali]

Sure on this Ron ?
Any fixed ans for this one ?

In a rectangular array (matrix) of distinct positive numbers, which has m rows and n columns, let x denote the largest of the smallest number in each column [i.e., x = maximum of (xj | j ε (1, 2, …; and xj is the smallest number in column A] and y the smallest of the largest number in each row [i.e., y = minimum of y, ] i.e. 1, 2 …; m and y, is the largest number in row 1]. Then one can infer.
(a) x > y (b) y > x (c) x =y (d) None of the above

[Ashima]

Anjali, how did you calculate the disposable income? Q1 part 6?

[The Villain]

I guess this is c...though m nt 100% sure

[Anjali]

Thanks Ashima
I'll try 3rd

[Anjali]

I did not calculate that
MPS is always calculated out of disposable income
So they asked saving ratio - which is 0.25

[Ashima]

Ohhh, how'd I miss that! Thanks :)

[Anjali]

Ashima how did you do 3 ?
Iam getting 140 for current account
How to calculate capital one - 100-150 then ????
And what is capital exports ?

[Ashima]

A random variable x on a sample space S is a rule that assigns a numerical value to each outcome of S.

Makes it c again.

See where I am coming from is getting a head in the toss of a coin is not a random variable. But getting 0 head or 1 head is a RV.

So!

[Granpa Simpson]

A random variable is a variable that is associated with an outcome...this is why an outcome cannot take two rv's simultaneously..e.g associate 2 rv's 0 and 1 for a head or a tail respectively..in this case rv takes zero when there is a head and 1 when tail occurs..so clearly each rv is attached to each outcome, here outcomes are head and tail.

[Anjali]

That makes it option A !

[Ashima]

Current Account:

Exports - Imports + Net Factor income from abroad+ Unilateral Transfers

(500+150) - (400+100) + 100- 150- 10= 90

And the remaining 2 are part of capital account= 400- 500= -100

Now CA+ KA= 0

Discrepancy= 10

[Ashima]

Oh God! I give up on the random variable one. :(

[The Villain]

Whatever i hope such stupid quedt on NIA dont come.They are so creepy!!

[Anjali]

True Ron !
Ashima your approach seems right  : -10
Any final answer for random variable ?

[Granpa Simpson]

I havent seen the question, based on the definition of a rv it will be a variable which is associated with outcome of an event.

[Anjali]

Subhayu , here is the exact question :


8. A random variable is:
a. an elementary outcome
b. an event in the sample space
c.a number assigned to an event
d. a probability of an event.

[Granpa Simpson]

it will be c...a cannot be the answer because a rv is not an outcome, it is just a variable which is attached to the outcome, b cannot be the answer because its not an event in a sample space this is because since it is not an outcome of the experiment it cannot be an element of the sample space, d also cannot be the answer since it is neither part of the set of elementary events nor is it in the set of sample space. so c is the answer.

[Anjali]

Yipeeee ! Thank you so much Subhayu !