Question # 1

GNP includes

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A Loan from a bank

A loan from one's parents

A brokers commission

Gilfts and donations

Whis is the largest figure

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NNP

GNP

DPI

PI

It is avoided to make correct estimate of national income.

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Free services

Double counting

Export earnings

All of the above

In economics one of more persons living in a joint family are called a

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Community

Social gathering

Super family

Household

Transfer payments means

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Bank loans

The payment without work

Tax payments

Payments made to all factors of production

Which statment is true

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NNP =GNP- Deprection

NNP =N1

NNP = DPI

NNP = GNP + Depreciation

Transfer payments include.

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Daily wages, pensions

Pensions Zakat

Taxes, pocket money

Zakat , taxes

Country is poor if it has.

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Less production of gods per capita

Less amount of gold

Less amout of foreign currency

Less exports

It is counted in GDP

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Sale price of an old car

A TV set produced this year but not sold

Purchase of 100 shares of PSO

The leisure people consume

Transfer payments means.

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Bank loans

The payment without work

Payments made to all factors of production

Tax payments

Which of the following would NOT be included in GNP

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Govt. Transfer payments

Got. Purchase of an air plane

Payment for construction of highway

Salary paid for the presidents secretary

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

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Final goods

Surplus goods

Capital goods

Intermediate goods

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

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

Macroeconomics is concerned with.

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Aggregate economic activity

Spending decisions of households

Hod to produce goods

How tobuy stocks and bonds

If saving exceed investment then

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National income rises

National income falls

National income is not affected

None of the above

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