Question # 1

A TV set purchased from a retail store is an example of.

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Final goods

Surplus goods

Capital goods

Intermediate goods

The have a functional relation

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Consumption and national income

Consumption and saving

Consumption and investment

All of the above

Country is poor if it has.

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Less production of gods per capita

Less amount of gold

Less amout of foreign currency

Less exports

It is avoided to make correct estimate of national income.

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Free services

Double counting

Export earnings

All of the above

GNP is

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Total Sales in the economy

Total monetary transactions in an economy

Sum of market values of all goods and services prodcued in an economy

Totla spending in an economy

National Income is.

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Total Income earned in producing the national product

All taxes plus govt. spending

Sum of personal income and saving

NNP minus the capital consumption allowance

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

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160

240

200

8000

Which statment is true

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NNP =GNP- Deprection

NNP =N1

NNP = DPI

NNP = GNP + Depreciation

It is duducted from GNP to find NNP

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Saving

Direct taxes

Depreciatin allowance

Subsidies

Direct taxes are not included in

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DPI

PI

NNP

a and c above

Which measure has the larger value .

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NNP

GNP

GDP

NI

Personal income includes.

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Direct taxes

Indirect taxes

Depreciation

None of the above

The largest type of income in the Pakistan is

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Compensation of employees

Rental income

Proprietors income

Coporate profits

Whis is the largest figure

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NNP

GNP

DPI

PI

If we include it. national income will be over estimated

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Transfer payment

Income from abroad

Illegal income

Exports

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

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