| 1 |
The goods which arw used directly by the people are called. |
- A. Consumer goods
- B. Capital good
- C. Direct good
- D. None
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| 2 |
Consumption spending does NOT include. |
- A. Household's purchases of clothes
- B. Household's purchase of a car
- C. Household's paymnet of rent for an apartment
- D. Household's purchase of shares of a business corporation
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| 3 |
Transfer payments are not included in national income becaues. |
- A. Such payments are made to persons livnig abroad
- B. Double counting would result
- C. They are illegal
- D. There is no method to account for these
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| 4 |
Which of the followign is not included in personali income |
- A. Social security benefits
- B. Dividend payments
- C. Undistributed corporate profits
- D. Interest received from of saving certificates
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| 5 |
Transfer payments means. |
- A. Bank loans
- B. The payment without work
- C. Payments made to all factors of production
- D. Tax payments
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| 6 |
The largest type fo in come in the Pakistan is |
- A. Compensation of employees
- B. Propretors income
- C. Rental income
- D. Corporate profits
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| 7 |
It would increase the lvel of national income. |
- A. An increase in taxation
- B. A reduction in governmnet spending
- C. An increase in exports
- D. Students scholarships
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| 8 |
Which statment is true |
- A. National Income = Naional expenditure - indirettaxes
- B. N1 =GNP -NNP
- C. N1 =P1
- D. NI =NNP-Indirect taxes
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| 9 |
The four factor payments are. |
- A. Money, Capital, salaries, and income
- B. Wages, rent internest and profts
- C. Money, power, Prices, and wwalth
- D. Wags, intrest, salareis,andtaxes.
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| 10 |
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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