Question # 1

Whis is the largest figure

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NNP

GNP

DPI

PI

It is not included in estimation of national incoe

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Illegal income

Services of house wife

Imports

All are not included

National Income = Ntional Expenditure is an

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Equation

Identity

Function

None

Which of the followign is not included in personali income

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Social security benefits

Dividend payments

Undistributed corporate profits

Interest received from of saving certificates

The largest type of income in the Pakistan is

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Compensation of employees

Rental income

Proprietors income

Coporate profits

It is transfer payment

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Payment o college tuition

A social securiy payment

Payment for a leased car

Intrest paid for a bank loan

Total value fo all final goods and services produced annually by a country.

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NNP

GNP

GDP

NI

If we deduct direct tax from personal income we get.

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Net National income

Disposable income

Personal saving

Per capital income

In economics one of more persons living in a joint family are called a

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Community

Social gathering

Super family

Household

National Income is.

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Total Income earned in producing the national product

All taxes plus govt. spending

Sum of personal income and saving

NNP minus the capital consumption allowance

The four factor payments are.

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Money, Capital, salaries, and income

Wages, rent internest and profts

Money, power, Prices, and wwalth

Wags, intrest, salareis,andtaxes.

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Icom Part 2 Principles of Economics Chapter 1 English Medium Online Test MCQs With Answers

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