| 1 |
Total value of all final goods and services produced annually by a country |
- A. NNP
- B. GNP
- C. GDP
- D. NI
|
| 2 |
Personal income included |
- A. Direct taxes
- B. Indirect taxes
- C. Depreciation
- D. None of these
|
| 3 |
If C=200 and I =40 then Y will equal |
- A. 160
- B. 240
- C. 200
- D. 8000
|
| 4 |
If government increases taxes, private saving. |
- A. Increase
- B. Decrease
- C. do not change
- D. will become zero
|
| 5 |
It is considered as transfer payments |
- A. Salaries of an employee
- B. Bonus of bank employees
- C. Wages of laborers
- D. Unemployment allowance paid by govt.
|
| 6 |
Which of the following is transfer payment |
- A. Payment of college tuition
- B. A social security payment
- C. An interest payment
- D. Payment for a leased car
|
| 7 |
Real national income increses when |
- A. Prices of goods are rising
- B. National savings increse
- C. quantity of goods and services increases
- D. none of the above
|
| 8 |
It is included in kinds of money |
- A. Legal money
- B. credit money
- C. token money
- D. all of the above
|
| 9 |
To determine the correct level of GNP, it is necessary to |
- A. To add up the values of goods and services during one year
- B. Add up all savings
- C. To count all imports
- D. To add up the value of semi finished goods
|
| 10 |
Corporate tax is levied on |
- A. Landlords
- B. Municipal corporations
- C. Big companies
- D. Importers
|
