| 1 |
Which is subtracted from gross national product to find gross domestic product |
- A. Depreciation allowance
- B. Net income received from foreign sources
- C. Indirect taxes
- D. Transfer payments
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| 2 |
Which one of the following is not included in the methods of measuring national income |
- A. Method of total according to market prices
- B. Method of total of incomes
- C. Method of total of domestic necessities and desires
- D. Method of total expenditures
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| 3 |
National income increases by |
- A. The increase in the quantity of capital goods
- B. The increase in the quantity of goods and services
- C. The increase in price of goods
- D. The increase in the income of entrepreneurs
|
| 4 |
Which thing of the following should be subtracted from gross national product to get net national product |
- A. Direct taxes
- B. Indirect taxes
- C. Depreciation allowance
- D. Income received from foreign country
|
| 5 |
Transfer payment means that income |
- A. Which can move from one place to order place i.g. money etc.
- B. Which is received without labour, e.g. Zakat, gift , pension etc
- C. Which is received after hardwork
- D. Which is received by exports
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| 6 |
If we subtract direct taxes from personal income, we get |
- A. Net national income
- B. Net domestic income
- C. Disposable personal income
- D. Personal savings
|
| 7 |
According to professor Ackley Gardener, amounts are included in national income |
- A. Wages
- B. Rents and interests
- C. Profits
- D. All the three
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| 8 |
Which is not counted in national income |
- A. Interests
- B. transfer payments
- C. Profits
- D. Rents
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| 9 |
"Quantity of goods and services which is consumed during a year is called national income". This definition of national income is stated by the economist |
- A. Marshall
- B. Pigou
- C. Adam smith
- D. Fisher
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| 10 |
According to Pigou national income is that part of material wealth |
- A. Which can be stored easily
- B. Which can be measured by the scale of money
- C. Which have volume and surrounds
- D. Which is exported
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