NET-Assignment_3

Which of the following, is not a phase of Circular Flow of income?

• Production Phase

• Growth phase

• Expenditure phase

• Income phase

“Real flow” refers to the flow of : –

• Goods and services across different sector of the economy

• Emotions

• Depreciation

• Factor payment from forms to household

Which of the following is a factor income?

• Rent

• Wages

• Profit

• All of the above

Saving is an example of

• Stock

• Flow

• Can't say

• None of the above

Circular flow of income occurs in four sectors of economy.

• True

• False

• Can’t say

• None of the above

National income is equal to:

• Domestic product + factor income earned from abroad

• Domestic product + net factor income earned from abroad

• Domestic product - factor income earned from abroad

• Domestic product + export minus imports

GNP exceeds NNP by:

• Amount of total taxes

• Government expenditure

• Transfer payments

• Difference between Gross investment and Net Investment

If a farmer sells Wheat to miller for RS.500 and miller sells flour to baker for Rs.700 and baker sells bread

to consumer for Rs.1000, then total value added by Miller and baker is:

• 500

• 300

• 1700

• 1200

If Imports (M) is greater than Exports (X), then there will be:

• Constant Capital

• Capital Inflow

• Capital Outflow

• None of these

Which services are provided by families to a firm?

• Land

• Labour

• Capital

• All of the above