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macroeconomic identities

Total questions: 9

Worksheet time: 4mins

Name
Class
Date
1.

The total value of final goods and services produced within the country during a year is called __________

a)

GDP

b)

NDP

c)

NNP

d)

GNP

2.

C + I+ G+ net export (X-M)= ____________

a)

GNP

b)

NNP

c)

GDP

d)

NDP

3.

the money value of all final goods and services produced by the residents of India whether they are allocated within the national boundary or abroad is called_______________

a)

GDP

b)

GNP

c)

NNP

4.

NNP = GNP  ± \pm\ _{ }  adjustments

a)

+DEP

b)

NFIA

c)

NIT

d)

- DEP

5.

___________________is the aggregate money value of all the goods and services produced within the country minus depreciation.

a)

NNP

b)

NDP

c)

GNP

d)

GDP

6.

personal income is that part of national income which is received by _________________.

a)

FIRM

b)

GOVERNMENT

c)

HOUSEHOLD

7.

NI – undistributed profit- net interest payment made by household – corporate tax + transfer payment to the household from the govt and firms = __________________________

a)

PRIVATE INCOME

b)

NATIONAL INCOME

c)

GOVERNMENT INCOME

d)

PERSONAL INCOME

8.

______________________ = national income divided population.

a)

national income

b)

per capita income

c)

private income

d)

personal income

9.

personal income includes_________________

a)

direct taxes

b)

indirect taxes