| 1 |
GNP is |
- A. Total Sales in the economy
- B. Total monetary transactions in an economy
- C. Sum of market values of all goods and services prodcued in an economy
- D. Totla spending in an economy
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| 2 |
Threre are methods of measurieng natinal income |
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| 3 |
Which measure has the larger value . |
- A. NNP
- B. GNP
- C. GDP
- D. NI
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| 4 |
Macroeconomics is concerned with. |
- A. Aggregate economic activity
- B. Spending decisions of households
- C. Hod to produce goods
- D. How tobuy stocks and bonds
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| 5 |
Which is a flow concept. |
- A. Number of my shirts
- B. My montly income
- C. My total wealth
- D. Money Supply
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| 6 |
When National income is estimated by expenditue method we include. |
- A. All govt expenditure
- B. All houseolds expenditure
- C. All of the above
- D. All expenditure of the business sector
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| 7 |
If C= 200 and I= 40 Than Y will equal |
- A. 160
- B. 240
- C. 200
- D. 8000
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| 8 |
In circular flow model |
- A. Govt. owns productive resources
- B. Firms own productive resources
- C. Households own productive resorces
- D. Rent of land is not included
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| 9 |
Net Exports are |
- A. Total Exports plus total imports
- B. Total exports minus total imports
- C. Total exports divided by total imports
- D. Total imports minus total exports
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| 10 |
If indirect taxes are deducted from NNP and subsidies are added. we achieve |
- A. Personla savings
- B. DPI
- C. National Income
- D. Percapita inocme
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