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WorksheetsEconomics & National Income
Total questions: 10
Worksheet time: 5mins
Two sector economy consists of _____ and _____
(a)
National income does not include_____
Wages and salaries
Rent and Royalty
Student scholarship
Corporate Tax
(a) is the market value of goods and services produced in the economy during the period of one year .
GDP is always more than GNP
True
False
GNP(MP) = GDP(MP) + ________ :
Depreciation
Indirect taxes
Net factor income from abroad.
Subsidy
Net national product at factor cost is also known as:
Net Domestic product
Gross National product
National Income
Personal Income
By deducting undistributed profit from national income , we get,
personal disposable income
personal income
private income
subsidies
Financial help to a victim is ------------ payment
(a)
As a result of double counting , national income is :
Over estimated
Under estimated
Correctly estimated
Not estimated for the entire year of accounting
Which of the following is not transfer payment
Interest on national debt
Retirement pensions
Old age pensions
Donations
