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81. |
Which statement is true? |
A. |
Nationl Expenditure = National income |
B. |
Nationl Expenditure = National income + National savings |
C. |
Nationl Expenditure = National income + Taxes |
D. |
Nationl Expenditure = National income - Taxes |
Answer: Option A
Explanation:
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82. |
Which statement is true? |
A. |
National Income = National expenditure - indirect taxes |
B. |
NI = GNP - NNP |
C. |
NI = NNP - indirect taxes |
D. |
NI = PI |
Answer: Option C
Explanation:
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83. |
There are methods of measuring national income: |
Answer: Option D
Explanation:
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84. |
If we compare GDP and GNP, then: |
A. |
GNP = GDP - net income from abroad |
B. |
GNP = GDP + net income from abroad |
C. |
GNP = NNP - net income from abroad |
D. |
GNP = NNP + net income from abroad |
Answer: Option B
Explanation:
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85. |
It is deducted from GNP to get NNP: |
A. |
Indirect taxes |
B. |
Depreciation |
C. |
Direct taxes |
D. |
Transfer payment |
Answer: Option B
Explanation:
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86. |
It is added to GDP to get GNP |
A. |
Depreciation allowance |
B. |
Direct taxes |
C. |
Subsidies |
D. |
Net income from abroad |
Answer: Option D
Explanation:
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87. |
Select the correct statement: |
A. |
Transfer payment 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 |
Answer: Option B
Explanation:
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88. |
Which is the largest figure: |
Answer: Option B
Explanation:
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89. |
Which is a flow concept: |
A. |
Number of my shirts |
B. |
My total wealth |
C. |
My monthly income |
D. |
Money supply |
Answer: Option C
Explanation:
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90. |
To avoid double counting when GDP is estimated, economists: |
A. |
Use GDP deflator |
B. |
Calculte value added at each stage of production |
C. |
Use retail prices |
D. |
Use price of only intermediate goods |
Answer: Option B
Explanation:
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