Question # 1

If C= 200 and I= 40 Than Y will equal

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160

240

200

8000

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

Threre are methods of measurieng natinal income

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5

4

2

3

It is considered as investment

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Construction of a house

Purchase of an old house

Salaries of college professors

a and b above

Corporae tax is levied on

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Landdlords

Inporters

Big companies

Municipal corporations

National Income = Ntional Expenditure is an

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Equation

Identity

Function

None

Market value of all final goods and services produced in a country during a year is definition

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GNP

NNP

NI

Consumption

In economics one of more persons living in a joint family are called a

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Community

Social gathering

Super family

Household

It is counted in GDP

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Sale price of an old car

A TV set produced this year but not sold

Purchase of 100 shares of PSO

The leisure people consume

GNP includes

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A Loan from a bank

A loan from one's parents

A brokers commission

Gilfts and donations

Total value of allfinal goods andservices produced annually by a country.

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NNP

GNP

GDP

NI

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Icom Part 2 Principles of Economics Chapter 1 English Medium Online Test MCQs With Answers

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