| 1 |
GNP includes |
- A. A Loan from a bank
- B. A loan from one's parents
- C. A brokers commission
- D. Gilfts and donations
|
| 2 |
Investment spending included the purchase of. |
- A. Lottery coupon
- B. Prize Bond
- C. Residential construction
- D. all of the above
|
| 3 |
The four factor payments are. |
- A. Money, Capital, salaries, and income
- B. Wages, rent internest and profts
- C. Money, power, Prices, and wwalth
- D. Wags, intrest, salareis,andtaxes.
|
| 4 |
Total value of allfinal goods andservices produced annually by a country. |
- A. NNP
- B. GNP
- C. GDP
- D. NI
|
| 5 |
Net Exports are |
- A. Total Exports plus total imports
- B. Total exports minus total imports
- C. Total exports divided by total imports
- D. Total imports minus total exports
|
| 6 |
If saving exceed investment then |
- A. National income rises
- B. National income falls
- C. National income is not affected
- D. None of the above
|
| 7 |
Country is poor if it has. |
- A. Less production of gods per capita
- B. Less amount of gold
- C. Less amout of foreign currency
- D. Less exports
|
| 8 |
National Income is. |
- A. Total Income earned in producing the national product
- B. All taxes plus govt. spending
- C. Sum of personal income and saving
- D. NNP minus the capital consumption allowance
|
| 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 |
PI is equivalent to |
- A. DPI Minus personal taxes
- B. DIP Plus unerned receipts
- C. DPI Minus income earned but not received
- D. NI plus unearned receipts minus personal taxes
|
