| 1 |
Personal income includes. |
- A. Direct taxes
- B. Indirect taxes
- C. Depreciation
- D. None of the above
|
| 2 |
Which is a flow concept. |
- A. Number of my shirts
- B. My montly income
- C. My total wealth
- D. Money Supply
|
| 3 |
If govermment increases taxes pivate savings. |
- A. Increase
- B. Decrease
- C. Do not change
- D. Will become zero
|
| 4 |
Which of the following would NOT be included in GNP |
- A. Govt. Transfer payments
- B. Got. Purchase of an air plane
- C. Payment for construction of highway
- D. Salary paid for the presidents secretary
|
| 5 |
It is transfer payment |
- A. Payment o college tuition
- B. A social securiy payment
- C. Payment for a leased car
- D. Intrest paid for a bank loan
|
| 6 |
It is duducted from GNP to find NNP |
- A. Saving
- B. Direct taxes
- C. Depreciatin allowance
- D. Subsidies
|
| 7 |
If saving exceed investment then |
- A. National income rises
- B. National income falls
- C. National income is not affected
- D. None of the above
|
| 8 |
The have a functional relation |
- A. Consumption and national income
- B. Consumption and saving
- C. Consumption and investment
- D. All of the above
|
| 9 |
In circular flow model |
- A. Govt. owns productive resources
- B. Firms own productive resources
- C. Households own productive resorces
- D. Rent of land is not included
|
| 10 |
If C= 200 and I= 40 Than Y will equal |
- A. 160
- B. 240
- C. 200
- D. 8000
|
