National income is (a) NDP at market prices ; (b) NDP at factor cost ;(c) NNP at factor cost ; (d) GNP at market prices.

1 Answer

Answer :

;(c) NNP at factor cost ;

Related questions

Description : Net factor income from abroad is equal to (a) NNP at market price – NDP at market price ; (b) NDP at market prices – Indirect taxes + Subsidies ; (c) NDP at factor cost + Depreciation ; (d) NNP at market prices + Depreciation

Last Answer : (a) NNP at market price – NDP at market price ;

Description : National income is A. NDP at market prices B. NDP at factor cost C. GNP at market prices.

Last Answer : C. GNP at market prices.

Description : National Income is also called as : (1) GNP at Factor Cost (2) GNP at Market Price (3) (3) NNP at Factor Cost (4) (4) NNP at Market Price

Last Answer : (1) GNP at Factor Cost Explanation: National Income is the total value of all goods and services produced in the economy during a particular period of time.

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Last Answer : GNP at Factor Cost

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Last Answer : (b) Net foreign factor income ;

Description : Which of the following equation is correct? (a) GNP=GDP+Net factor income from abroad (b) GNP=GDP+Gross factor income from abroad (c) GNP=GDP-Net factor income from abroad (d) GNP=GDP-Gross factor income from abroad

Last Answer : (a) GNP=GDP+Net factor income from abroad 

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Last Answer :  (c) Net foreign income from abroad

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Last Answer : (b) Depreciation allowances ;

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Last Answer : (a) Net Domestic Product at factor cost ;

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Last Answer : (a) Market price of the product ;

Description : Which of the following equation is correct (a) NDP=GDP- Depreciation ; (b) NDP=GDP+ Depreciation ; (b) NDP=GDP- Depreciation-subsidy; (d) NDP=GDP- Depreciation+subsidy

Last Answer : (a) NDP=GDP- Depreciation ;

Description : GDP at factor cost exceeds GDP at market price (a) When the factor income from abroad is negative ; (b) When depreciation on fixed capital exceeds income in investment; (c) When direct tax exceeds indirect tax ; (d) When subsidies exceeds indirect taxes.

Last Answer : (d) When subsidies exceeds indirect taxes. 

Description : GDP at market price exceeds GDP at factor cost by the amount of revenue raised through ………………. (a) Direct taxes ; (b) Indirect taxes ; (c) Income tax ; (d) Tax on rents 

Last Answer : ; (b) Indirect taxes ;

Description : The difference between the GNP and the NNP is equal to the - (1) consumer expenditure on durable goods (2) direct tax revenue (3) indirect tax revenue (4) capital depreciation

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Description : Which of the following is deducted from GNP to arrive at NNP? (1) Depreciation (2) Interest (3) Tax (4) Subsidy

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Last Answer : Depreciation

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Last Answer : ; (d) All the three are possible

Description : In a closed economy (a) GDP=GNP ; (b) GDP>GNP ; (c) GDP

Last Answer : (a) GDP=GNP ; 

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Last Answer :  (c) Zero

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Last Answer : (b) quantity of a good consumers would be able to purchase at a series of prices. 

Description : …………… it is the form of the market in which the only seller of a commodity has fully control over the prices (a) Monopoly ; (b) Pure monopoly ; (c) Simple monopoly ; (d) All the three

Last Answer : (b) Pure monopoly ;

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Last Answer : (b) Exports minus imports ;

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