National income and related aggregates

The market price of all final goods of a country in a year is known as:

• GDP at Market Price

• GDP at Factor Cost

• NNP at Factor Cost

• NDP at Market Price

Which one is true?

• GNP = GDP + Depreciation

• NNP = GNP + Depreciation

• NNP = GNP – Depreciation

• GNP = NNP – Depreciation

Net National Income at Factor Cost is called?

• National Income

• Gross Investment

• Domestic Income

• None of these

Which one is included in National Income?

• Rent, Wage, Interest

• Rent, Wage, Salary

• Rent, Profit, Interest

• Rent, Wage, Salary, Interest, Profit

Which of the following is correct?

• Disposable Income = Personal Income – Direct Taxes

• Disposable Income = Private Income – Direct Taxes

• Disposable Income = Personal Income – Indirect Taxes

• Disposable Income = Private Income – Indirect Taxes

If for a country net factor income from abroad is negative then:

• GDP < GNP

• GDP > GNP

• GDP ≥ GNP

• GDP = GNP

The market value of all final goods and services produced in an economy over a year is called :

• Gross National Product

• National Income

• Gross Domestic Product

• Net National Product

Which one of the following services are included in the Secondary Sector?

• Insurance

• Manufacturing

• Trade

• Banking

To include the value of goods or services more than one time while calculating National Income is called :

• Single Counting

• Double Counting

• Multiple Counting

• None of these

Which one is a component of profit?

• Dividend

• Corporate Profit Tax

• Undistributed Profit

• All of these