Question # 1

It is not included in estimation of national incoe

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Illegal income

Services of house wife

Imports

All are not included

It is avoided to make correct estimate of national income.

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Free services

Double counting

Export earnings

All of the above

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 C= 200 and I= 40 Than Y will equal

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160

240

200

8000

Real national income increases when

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Prics of goods are rising

National savings increases

Quantity of goods and services increases

None of the above

GNP is always.

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Less than NNP

Grether than NNP

Equal to NNP

Is found from NNP

The four factor payments are.

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Money, Capital, salaries, and income

Wages, rent internest and profts

Money, power, Prices, and wwalth

Wags, intrest, salareis,andtaxes.

Transfer payments means.

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Bank loans

The payment without work

Payments made to all factors of production

Tax payments

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

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Community

Social gathering

Super family

Household

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

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

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

In erms of national income accounts, multiple counting efers to.

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The addition to GNP of multiple units of a good

Counting cureently producedgoods more than once

The inclusion in GNP of gross spending and taxes

Counting both goods and services

Investment spending included the purchase of.

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Lottery coupon

Prize Bond

Residential construction

all of the above

Which measure has the larger value .

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NNP

GNP

GDP

NI

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.

Direct taxes are not included in

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DPI

PI

NNP

a and c above

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Economics Ics Part 2 English Medium Chapter 1 Online Test MCQs With Answers

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