Question # 1

Personal income includes.

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Direct taxes

Indirect taxes

Depreciation

None of the above

Investment spending included the purchase of.

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Lottery coupon

Prize Bond

Residential construction

all of the above

If indirect taxes are deducted from NNP and subsidies are added. we achieve

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Personla savings

DPI

National Income

Percapita inocme

It is considred as transfer payments

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Salaries of govet emplyees

Bonus of bank employees

Inemployment allowance paid by govt

Free medical are to offers.

The four factor payments are.

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Money, Capital, salaries, and income

Wages, rent internest and profts

Money, power, Prices, and wwalth

Wags, intrest, salareis,andtaxes.

A closed economy is best described as one in which

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thre are no monopolies

No corporations

No extemalities

No international trade

PI is equivalent to

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DPI Minus personal taxes

DIP Plus unerned receipts

DPI Minus income earned but not received

NI plus unearned receipts minus personal taxes

The largest type of income in the Pakistan is

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Compensation of employees

Rental income

Proprietors income

Coporate profits

Which of the followign is not included in personali income

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Social security benefits

Dividend payments

Undistributed corporate profits

Interest received from of saving certificates

Which statment is true

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NNP =GNP- Deprection

NNP =N1

NNP = DPI

NNP = GNP + Depreciation

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