Assignment-1: National Income

Which of the following is a method to measure the National Income?

• 1. Expenditure method

• 1. Income method

• 1. Product method

• 1. All of the above

Which of the following is the definition of a closed economy?

• where the money supply is totally controlled by the government

• where deficit financing takes place

• where there are no exports to other countries

• where there are no investment is made

Which of the following is included in the National Income of a country?

• 1. Rent

• 1. Interest

• 1. Wages

• 1. Rent, Interest, Wages, Salary, Profits

The difference between gross and net is:

• Subsidies

• Depreciation

• NFIA

• Net Indirect Tax

Product means:

• Intermediate goods

• Transfer payments

• Final goods and services

• Both (a) and (b)

Market price is the:

• Market value

• Money value

• Transfer value

• None of the above

In closed economy, which of the following Sectors is not included?

• Household

• Local Firms

• Local Government

• Rest of the world

“Real flow” refers to the flow of : –

• Goods and services across different sector of the economy

• Income

• Factor services from household sector to the producer sector

• Both A and C

Two sectoral economy consists of : –

• Household and foreign sector

• Firms and foreign sector

• Households and firms

• Government and firms

Which of the following is a domestic concept?

• NDP_MP

• NDP_FC

• GDP_MP

• All the above