Expl:- In budget 2014-15 the percent of G.D.P was 4.1 of fiscal deficit. But in 2015-16 its percent becomes 3.9% of fiscal deficit.

Income which is not produced by any production process  is called transfer income. It is generally money received by  an individual or family from the state or other body, often the  pension or unemployment benefit.

According to Nobel Prize winner Frederick Wan, Forced Saving in an economic situation in which consumer spend less than their disposable income, not because they want to save but because the goods they seek are not avoidable or because goods are too expensive.

Consumption and income are directly or positively  related. An increase in income results in increase in consumption  and vice-versa.

If any country will produce only consumer good, then gradually the country will become poor as there will be no exchange of other goods and the economy of that country will highly be affected.

A teacher who is teaching his own daughter is not a part of economic activity as the imputed value of such activities can not be calculated.

NNPMP = GNPMP – depreciation

Expl:- When increase in income the increase in ratio between income & expenditure changes Ratio less than 1