Question # 1

Which statment is true

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National Income = Naional expenditure - indirettaxes

N1 =GNP -NNP

N1 =P1

NI =NNP-Indirect taxes

If indirect taxes are deducted from NNP and subsidies are added. we achieve

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Personla savings

DPI

National Income

Percapita inocme

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

It is considered as investment

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Construction of a house

Purchase of an old house

Salaries of college professors

a and b above

Gross nationa product includes

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A loan from one's parents

A loan from a domestic bank

A loan from other countries

None of theabove

GNP is always.

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Less than NNP

Grether than NNP

Equal to NNP

Is found from NNP

A TV set purchased from a retail store is an example of.

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Final goods

Surplus goods

Capital goods

Intermediate goods

It is considred as transfer payments

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Salaries of govet emplyees

Bonus of bank employees

Inemployment allowance paid by govt

Free medical are to offers.

Govt. transfer payment include

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Social security benefits

Welfare benefits

Student scholarships

All of the above

Which statment is true

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NNP =GNP- Deprection

NNP =N1

NNP = DPI

NNP = GNP + Depreciation

National income is a measure of

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The zise of government revenue

Payments made to facor of production

Production f goods per day

Total working hours

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

We measure natonalincome by this method.

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Expenditure method

Income method

Product method

As of the above

If we deduct direct tax from personal income we get.

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Net National income

Disposable income

Personal saving

Per capital income

Undisributed proits are considered.

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Income enrned but not received

Income eearned and received

Income received but not earned

None of the above

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

Students scholarships

To determine the correct level of GNP ,it is necessary to.

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Add up the values of goods and services during one year

Add up allsavings

Count all imports

Add up the value of semi finished goods

Per capita Incom is.

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Income per worker

Incomeper hea

Income per household

Income per industrial unit

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