The Jajmani System of India

question 25

Multiple Choice

The jajmani system of India

• A)has been viewed as a system that links different groups together in mutual support.
• B)is declining in importance.
• C)involves exchange of services between various caste groups.
• D)has been viewed as benefitting the better-off at the expense of the poor.
• E)all of the above.

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Definitions:

Net Investment

The sum of money used to purchase new capital assets, subtracting the depreciation from current capital assets.

Depreciation

The reduction in the value of an asset over time, due in particular to wear and tear.

Expenditures Approach

A method of calculating GDP that totals consumption, investment, government spending, and net exports.

GDP

Gross Domestic Product, a measure of the economic performance of a country, calculating the total value of all goods and services produced over a specific time period.