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In the chapter on National Income Accounting, we have come across terms like consumption, investment, or the total output of final goods and services in an economy (GDP).At the end of the period, all amount columns are totaled.In such a situation, total bills receivable account and total bills payable account can be prepared and the missing figureures ascertained as the balancing figureures.Since Independence, the total population of each group has increased substantially but their proportion in the country's population has not changed much.It may be noted that the accounting accuracy is not ensured even if the totals of debit and credit balances are equal because some errors do not affect equality of debits and credits.In an economy there could be one or more sectors which are dominant in terms of total production and employment, while other sectors are relatively small in size.With the exception of the opening and closing balances, the total amount of each receipt and payment is shown in this account.It covers only about thirty per cent of the total area of the earth's surface and all parts of this small percentage are not habitable.Only a small proportion of the total industrial labour force worked in registered factories: 5 per cent in 1911 and 10 per cent in 193 The rest worked in small workshops and household units, often located in alleys and bylanes, invisible to the passer-by.Total geographical area of India is 28 million sq km Land use data, however, is available only for 93 per cent of the total area because the land use reporting for most of the north-east states except Assam has not been done fully.Timothy was provided with two companions —Toto, the monkey, who was bold enough to pull the young tiger by the tail, and then climb up the curtains if Timothy lost his temper; and a small mongrel puppy, found on the road by Grandfather.For example, if the debentures are to be redeemed after 10 years then out of the total amount of discount of Rs.If the vehicles registered in Delhi are lined up one after the other, the total length would be nearly equal to the combined lengths of the two longest rivers in the world, Nile and Amazon! Boojho remembers seeing a thick fog-like layer in the atmosphere, especially during winters.Different people plan to save different fractions of their additional incomes (with the rich typically saving a greater proportion of their income than the poor), and if we average these we may arrive at a fraction which will give us an idea of what proportion of the total additional income of the economy people wish to save as a whole.This is because an increase in government spending directly affects total spending whereas taxes enter the multiplier process through their impact on disposable income, which influences household consumption (which is a part of total spending).

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