National Income

Who is the father of Economics?

• Adamsmith

• Alfred Marshall

• Lionel Robbins

• Samuelson

Who is the father of modern macro economics?

• Pigou

• J.B. Say

• J.M. Keynes

• Recardo

Macro economics deals with

• individual units

• Aggregates

• single firm

• Single individual

Final goods are used by the

• Consumers

• producers

• government

• all of these

If a car is purchased by a taxi-driver ,it will be regarded as a:

• capital good

• intermediate good

• final good

• Both (a) and (c)

classification of goods depend on the :

• consumption goods

• production goods

• first -use of goods

• end-use of goods

T.V.,Radio, Washing machines are examples of

• Durable consumer goods

• Semi-durable consumer goods

• Single use consumer goods

• capital goods

A car purchased by a household is a

• single use capital goods

• single use consumer goods

• durable consumer goods

• semi-durable consumer goods

Which of the following is a semi-durable good?

• Radio

• clothes

• Milk

• Petrol

Those goods which satisfy human wants directly are called:

• intermediate goods

• consumer goods

• capital goods

• none of these