| 1 |
Which of the following would increase national income |
- A. Increase in taxation
- B. Increase in savings
- C. Increase in govt. in govt. spending
- D. Decrease in consumption spending
|
| 2 |
Which of the following is a withdrawal from the circular flow of income stream |
- A. Investment
- B. subsidies
- C. taxation
- D. consuption
|
| 3 |
To avoid double counting when GDP is estimated, economist |
- A. Use GDP deflator
- B. Calculate value added at each stage of production
- C. Use retail prices
- D. Use price only intermediate goods
|
| 4 |
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
|
| 5 |
Consumption is a function of |
- A. Saving
- B. Investment
- C. Income
- D. None
|
| 6 |
If C =200 and 1 = 40 then Y will equal |
- A. 160
- B. 240
- C. 8000
- D. none of the above
|
| 7 |
If C = 200 and I = 40 then Y will equal |
- A. 160
- B. 240
- C. 8000
- D. None of the above
|
| 8 |
Which one is investment in economics |
- A. Building a factory
- B. Buying shares in stock exchange
- C. Depositing money in bank
- D. Depositing money in housing society
|
| 9 |
Select the correct statements |
- A. Transfer payments are included in national income
- B. Depreciation allowance is a part of GNP
- C. Taxes are not included in NNP
- D. GDP means Gross Direct Production
|
| 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
|
