Question # 1

It is duducted from GNP to find NNP

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Saving

Direct taxes

Depreciatin allowance

Subsidies

It would increase the lvel of national income.

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An increase in taxation

A reduction in governmnet spending

An increase in exports

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Circular flow of income links

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Income expenditure

Govt taxes govt expenditure

Exports ,imports

Saving and investment

In calculating national income which one will NOT be included.

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Exports

Old age pensions

Wages of lecturer

Undistributed profit by firms

Which statment is true

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NNP =GNP- Deprection

NNP =N1

NNP = DPI

NNP = GNP + Depreciation

When National income is estimated by expenditue method we include.

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All govt expenditure

All houseolds expenditure

All of the above

All expenditure of the business sector

The largest type fo in come in the Pakistan is

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Compensation of employees

Propretors income

Rental income

Corporate profits

GNP is

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Total Sales in the economy

Total monetary transactions in an economy

Sum of market values of all goods and services prodcued in an economy

Totla spending in an economy

Total value of allfinal goods andservices produced annually by a country.

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NNP

GNP

GDP

NI

GNP is always.

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Less than NNP

Grether than NNP

Equal to NNP

Is found from NNP

If we include it. national income will be over estimated

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Transfer payment

Income from abroad

Illegal income

Exports

GNP includes

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A Loan from a bank

A loan from one's parents

A brokers commission

Gilfts and donations

The largest type of income in the Pakistan is

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Compensation of employees

Rental income

Proprietors income

Coporate profits

Personal income includes.

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Direct taxes

Indirect taxes

Depreciation

None of the above

Investment spending included the purchase of.

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Lottery coupon

Prize Bond

Residential construction

all of the above

Whis is the largest figure

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NNP

GNP

DPI

PI

Transfer payments are not included in national income becaues.

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Such payments are made to persons livnig abroad

Double counting would result

They are illegal

There is no method to account for these

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