| 1 |
Method of measuring national income |
- A. National income=Gross national product - depreciation allowance
- B. National income= Net national product - Indirect costs
- C. National income= Net national product + subsidies
- D. National income= Net national product - indirect taxes + subsidies
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| 2 |
National income means the income |
- A. Which central government earns during a year
- B. Which provincial government earn during a year
- C. Total wealth of a country
- D. Rewards which the factors of production get during a year
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| 3 |
After deducting direct tax from personal income, it is called |
- A. National income
- B. personal income
- C. Disposable personal income
- D. per capital income
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| 4 |
Equilibrium of national income is, when |
- A. S > 1
- B. S = 1
- C. S < 1
- D. S and 1
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| 5 |
Gross national product means |
- A. Total of price of all goods produced in a country in year
- B. Total of price of all consumer goods produced in the economy during a year
- C. Total of goods and services produced in the economy during a year
- D. Total of monetary value of goods and services produced during a year in the economy
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| 6 |
Expenditures of repair of machines are called |
- A. Unproductive expenditures
- B. Productive expenditures
- C. Rewards
- D. Depreciation allowance
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| 7 |
Net national product is found by |
- A. Subtracting tax from gross national product
- B. Subtracting transfer payments form gross national product
- C. Subtracting depreciation allowance from gross national product
- D. Subtracting subsidies from gross national product
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| 8 |
national income is found by |
- A. Subtracting depreciation allowance from gross national product
- B. Subtracting indirect taxes from net national product
- C. Adding subsidies in net national product
- D. Subtracting indirect taxes and adding subsidies in net national product
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| 9 |
After subtracting depreciation allowance from gross national product is known |
- A. National income
- B. Net national product
- C. Personal income
- D. Gross domestic product
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| 10 |
Which one of the following is not called Gross national product |
- A. Economic national product
- B. Joint national product
- C. Composite national product
- D. All the three
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