WorksheetsNational Income - 1
Total questions: 15
Worksheet time: 6mins
National income does not include_____
Wages and salaries
Rent and Royalty
Student scholarship
Corporate Tax
Q.Which of the following is not the part of profit?
Dividend
Undistributed profit
Corporate tax
Royalty
Which of the following is an intermediate good
Bread
Leather
Cloth
Shoes
How many approaches in calculating national income?
4
3
2
1
Which one of the following is not included in NI?
Old age pension
retirement pension
wages
bonus
The national income is
a. NNP at factor cost
b. NNP at market price
c. GNP at market price
d. GNP at factor cost
When a nation's exports exceed its imports and is calculated as exports - imports
trade surplus
trade deficit
inventory
gross domestic product
What is depreciation?
Capital loss
Fixed capital loss
Consumption of fixed capital
None
2.When will GDP at market price be equal to GDP at factor cost ?
Indirect taxes=subsidy
indirect taxes >subsidy
indirect taxes < subsidy
none of these
5.The value of the output of all goods and services produced within a country in a year.
total output
Gross Domestic Product
national income
net domestic product
7.When a nation's imports exceed its exports and is calculated as imports -exports
inventory
gross domestic product
trade surplus
trade deficit
8.Which of the following is a final expenditure ?
Car purchased by a dealer
Vegetables purchased by a restaurant
Milk purchased by a tea-maker
Car purchased by a household
In a circular flow of income in a closed economy with government intervention, leakage consists of _________________.
Investment and savings
Savings only
Savings and taxes
Savings, taxes and imports
Net national product does not include_______________.
Interest on consumer loans
Undistributed corporate profit
Taxes on corporate profits
Depreciation
Total quantity of goods and services produced in the economy.
Aggregate Demand
Aggregate Supply
Leakages
Injections
