| 1 |
A TV set purchased from a retail store is an example of |
- A. Intermediate good
- B. Capital goods
- C. Surplus goods
- D. Final goods
|
| 2 |
This may cause an increase in national income |
- A. Rise in exports
- B. Rise in imports
- C. Fall in consumer spending
- D. Increase in saving
|
| 3 |
Which shows equilibrium of national income. |
- A. consumption investment
- B. saving=investment
- C. saving < investment
- D. saving> investment
|
| 4 |
Which is the largest figure |
- A. NNP
- B. GNP
- C. DPI
- D. PI
|
| 5 |
It is deducted from GNP to get NNP |
- A. Indirect taxes
- B. Depreciation
- C. Direct taxes
- D. Transfer payments
|
| 6 |
marginal propensity to consume is |
- A. Total income spent on consumption
- B. Ratio of total income consumed
- C. Ratio of additional income consumed
- D. Consumption divided by saving
|
| 7 |
If we compare GDP and GNP, then |
- A. GNP = GDP - net income from abroad
- B. GNP = NNP + net income from abroad
- C. GNP = NNP - net income from abroad
- D. GNP = NNP + net income from abroad
|
| 8 |
Which statement is true |
- A. National expenditure = National income
- B. National expenditure = National income + National production
- C. National expenditure = National income + National taxes
- D. National expenditure = National income - Taxes
|
| 9 |
National income equals |
- A. c+s+g
- B. c+i+g
- C. c+i-g
- D. c-i+g
|
| 10 |
When national income is estimated by expenditure method, we include |
- A. All govt. expenditure
- B. All households expenditure
- C. All expenditure of the business sector
- D. All of a, b and c
|
