National Income Quiz

GNP at MP is =_______

• GDP at MP - Depreciation

• GDP at MP + Depreciation

• GDP at MP / Depreciation

• GDP at MP + Net factor income from

NDP at MP = ______

• GDP at MP - Depreciation

• GDP at FC + Net factor income from abroad

• NNP at FC + Net indirect taxes

• All of these

NNP at MP = ______

• GNP at MP - Depreciation

• NDP at MP + Net factor income from abroad.

• NNP at FC + Net indirect taxes

• All of these

GDP at FC = _______

• GDPMP - NIT

• GDPMP + NIT

• GDPMP + Subsidies

• GDPMP - IT

NDPFC = _______

• GDPFC - IT

• GDPFC - Depreciation

• GDPFC + Economic subsidy

• All of these

NNPFC = ________

• GNPFC - Depreciation

• NNPMP + Economic subsidy - indirect taxes

• NDPFC + Net factor income from abroad

• All of these

Remittances from a relative working abroad are:

• Included in national income

• Not Included in national income

• Transfer payment

• Both (B) and (C)

Which of the following items is not included while estimating national income by income method

• Rent

• Mixed income

• Fixed investment

• Undistributed profits

Which of the following is not an element of final consumption expenditure

• Household expenditure on food

• Government final consumption expenditure

• Household expenditure on education

• Expenditure on raw material

As a result of double counting, national income is

• Over estimated

• Under estimated

• Correctly estimated

• Not estimated for entire year of accounting