Question # 1

Which is a flow concept.

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Number of my shirts

My montly income

My total wealth

Money Supply

It is not included in estimation of national incoe

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Illegal income

Services of house wife

Imports

All are not included

Threre are methods of measurieng natinal income

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5

4

2

3

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

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

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160

240

200

8000

Circular flow of income links

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Income expenditure

Govt taxes govt expenditure

Exports ,imports

Saving and investment

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

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

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Personla savings

DPI

National Income

Percapita inocme

If we deduct direct tax from personal income we get.

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Net National income

Disposable income

Personal saving

Per capital income

Which of the following would NOT be included in GNP

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Govt. Transfer payments

Got. Purchase of an air plane

Payment for construction of highway

Salary paid for the presidents secretary

Undisributed proits are considered.

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Income enrned but not received

Income eearned and received

Income received but not earned

None of the above

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

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Community

Social gathering

Super family

Household

If we include it. national income will be over estimated

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Transfer payment

Income from abroad

Illegal income

Exports

Corporae tax is levied on

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Landdlords

Inporters

Big companies

Municipal corporations

Investment spending included the purchase of.

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Lottery coupon

Prize Bond

Residential construction

all of the above

Total value fo all final goods and services produced annually by a country.

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NNP

GNP

GDP

NI

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Economics Ics Part 2 English Medium Chapter 1 Online Test MCQs With Answers

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