NATIONAL INCOME AND RELATED AGGREGATE

Study of macroeconomics is concerned with:

• Theory of demand

• determination of aggregate output

• General price level

• both (b) and (c)

Which of the following is an example of macroeconomics?

• Saving of an individual

• Consumption of a household

• Price level of a firm

• Aggregate demand of an economy

Which of the following is not a macro variable.

• Whole sale price index

• Output of the firm

• Aggregate demand

• Aggregate supply

Partial equilibrium related to:

• Micro economics

• Macro economics

• Both (a) and (b)

• None of these.

Which of the following is a flow concept?

• Capital Formation

• Change in stock

• GDP at MP

• All of the above.

If the money value of final goods and services produced by normal residents of a country in a year, measured at the prices of the current year then it is called as:

• Real GDP

• GDP at constant Price

• National Product

• GDP at current price

Which of these is transfer income?

• Rent

• Wages

• Gifts received from abroad

• Profit.

The net value at Market Price of final goods and services during an accounting year within the domestic territory of a country is known as:-

• GDPfc

• NNPfc

• NDPmp

• GDPmp

Goods that are ready for use by their final users are called:

• Intermediate goods

• Final goods

• Capital goods

• Consumer goods

Which of the following is intermediate product?

• Pulses purchased by consumers

• Machine purchased by a firm

• Wheat used by flour mill

• Wheat used by household.