National Income Accounting

Goods purchased for satisfaction of wants

• Capital Goods

• Final Goods

• Consumption goods

• intermediate Goods

Sector which transforms one physical good in to another physical good

• territiary sector

• secondary sector

• primary sector

• joint sector

Net Value Added at Factor cost =

• Sum of Factor Payments

• Sum of Current Payments

• Sum of Transfer Payments

• Net Current Transfer from rest of the world

NDP at factor cost =

• Net domestic product at market price - indirect tax

• Net Domestic Product at market price+ Subsidies

• Net Domestic Product at market price at market price -Net indirect tax

• Net Domestic product at market price + Depreciation

Real GDP is considered as an index of

• price level in the economy

• welfare of the people

• profit maximization

• none of these

which of the following is a stock

• wealth

• savings

• exports

• profits

GNP at MP = ______

• GDP at Market Price – Depreciation

• GDP at MP + Depreciation

• GDP at MP + Net factor income from abroad

• None

GDP at FC =

• GDP at MP – Net indirect taxes

• GDP at MP + Net indirect taxes

• GDP at MP + Subsidies

• GDP at MP – Indirect taxes

Accounting of National Income at constant prices is known as ________

• Money income

• Real income

• Current income

• Domestic income

Increase in Stock of Capital is known as:

• Capital Loss

• Capital Profit

• Capital Formation

• None of the above