| 1 |
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
|
| 2 |
It is avoided to make correct estimate of national income. |
- A. Free services
- B. Double counting
- C. Export earnings
- D. All of the above
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| 3 |
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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| 4 |
Direct taxes are not included in |
- A. DPI
- B. PI
- C. NNP
- D. a and c above
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| 5 |
Net investment is |
- A. Gross investment minus household investment
- B. Gross investment minus govt. investment
- C. Gross investment minus capital consumption allowance
- D. None of the above
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| 6 |
If we include it. national income will be over estimated |
- A. Transfer payment
- B. Income from abroad
- C. Illegal income
- D. Exports
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| 7 |
Total value of allfinal goods andservices produced annually by a country. |
- A. NNP
- B. GNP
- C. GDP
- D. NI
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| 8 |
Personal income includes. |
- A. Direct taxes
- B. Indirect taxes
- C. Depreciation
- D. None of the above
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| 9 |
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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| 10 |
Gross nationa product includes |
- A. A loan from one's parents
- B. A loan from a domestic bank
- C. A loan from other countries
- D. None of theabove
|