Question # 1

If govermment increases taxes pivate savings.

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Increase

Decrease

Do not change

Will become zero

It is not included in estimation of national incoe

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Illegal income

Services of house wife

Imports

All are not included

Macroeconomics is concerned with.

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Aggregate economic activity

Spending decisions of households

Hod to produce goods

How tobuy stocks and bonds

We measure natonalincome by this method.

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Expenditure method

Income method

Product method

As of the above

National income is a measure of

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The zise of government revenue

Payments made to facor of production

Production f goods per day

Total working hours

Real national income increases when

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Prics of goods are rising

National savings increases

Quantity of goods and services increases

None of the above

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.

Whis is the largest figure

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NNP

GNP

DPI

PI

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

Transfer payments means.

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Bank loans

The payment without work

Payments made to all factors of production

Tax payments

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

Circular flow of income links

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Income expenditure

Govt taxes govt expenditure

Exports ,imports

Saving and investment

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

Consumption spending does NOT include.

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Household's purchases of clothes

Household's purchase of a car

Household's paymnet of rent for an apartment

Household's purchase of shares of a business corporation

In erms of national income accounts, multiple counting efers to.

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The addition to GNP of multiple units of a good

Counting cureently producedgoods more than once

The inclusion in GNP of gross spending and taxes

Counting both goods and services

GNP includes

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A Loan from a bank

A loan from one's parents

A brokers commission

Gilfts and donations

In calculating national income which one will NOT be included.

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Exports

Old age pensions

Wages of lecturer

Undistributed profit by firms

The largest type fo in come in the Pakistan is

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Compensation of employees

Propretors income

Rental income

Corporate profits

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