National Income

Market price and factor cost will be equal when there is

• No direct tax

• No indirect tax

• No subsidy

• No indirect tax no subsidy

In a closed economy, GDP ia always equal to GNP

• True

• False

Distributed profits is also known as

• Corporate tax

• Dividend

• Retained earnings

• DA

Measurement of national income at constant prices constitute its

• Nominal value

• Real value

When domestic income is greater than national income

• NFIA is 0

• NFIA is +ve

• NFIA is -ve

• None of these

What is added to NNPfc to get NNPmp?

• Depreciation

• Net indirect taxes

• Subsidies

• NFIA

NNPfc is also called....

• National income

• Domestic income

• Transfer income

• Personal income

Transfer payments refer to payments, which are made:

• Without any exchange of goods and services

• To workers on transfer from one job to another

• As compensation to employees

• None

GNP(MP) = GDP(MP) + ________ :

• Depreciation

• Indirect taxes

• NFIA

• Subsidy

Which of the following is not correct ?

• NNPMP = GNPMP- depreciation

• NNPMP = NNPFC + net indirect taxes

• GDPMP = GNPMP +.NFIA

• NDPFC = GDPFC – depreciation