Description : In which type of economy , domestic income is equal to national income ?
Last Answer : In which type of economy , domestic income is equal to national income ? A. Open Economy B. Closed Economy C. Both (a) and (b) D. Neither (a) nor (b)
Description : Are the following statements true or false ? Give reasons . In a closed economy , gross domestic product is always equal to gross national product .
Last Answer : Are the following statements true or false ? Give reasons . In a closed economy , gross domestic product is always equal to gross national product .
Description : The net factor income earned within the domestic territory of a country must be equal to (a) Net Domestic Product at factor cost ; (b) Net Domestic Product at market price; (c) Net National Product at market price ; (d) Personal income.
Last Answer : (a) Net Domestic Product at factor cost ;
Description : What is Gross National Product: A. The total output of goods and services produced by the country’s economy B. The total domestic and foreign output claimed by residents of the country C. The sum of gross domestic product and investment
Last Answer : B. The total domestic and foreign output claimed by residents of the country
Description : If the domestic factor income is ₹ 200 crores and the national income is ₹ 190 crores , how much will be the net factor income from abroad ?
Last Answer : If the domestic factor income is ₹ 200 crores and the national income is ₹ 190 crores , how much will be the net factor income from abroad ?
Description : When will the domestic income exceed the national income ?
Last Answer : When will the domestic income exceed the national income ?
Description : Net domestic product at factor cost is less than national income when :
Last Answer : Net domestic product at factor cost is less than national income when : A. Net factor income from ... from abroad is zero D. Net exports are positive
Description : Calculate (a) Domestic Income , (b) National Income .
Last Answer : Calculate (a) Domestic Income , (b) National Income .
Description : Domestic Income of a country can be more than its National Income.
Last Answer : Domestic Income of a country can be more than its National Income.
Description : Determine the missing items in the following cases : (i) `GNP_(FC) = GNP_(MP)`- ? (ii) ? = National Income - Domestic Income (iii) `GDP_(FC)` = ? + De
Last Answer : Determine the missing items in the following cases : (i) `GNP_(FC) = GNP_(MP)`- ? (ii) ? = ... ) `NDP_(FC) = ?` - Depreciation - Net Indirect Tax
Description : Net National Product in National Income Accounting refers to - (1) Gross Domestic Product—Depreciation (2) Gross Domestic Product + Subsidies (3) Gross National Product—Depreciation (4) Gross National Product + Subsidies
Last Answer : (3) Gross National Product-Depreciation Explanation: Net national product at market price is the market value of the output of final goods and services produced at current price in one year of ... the depreciation charges from the gross national product, we get net national product at market price.
Description : The sum total of incomes received for the services of labour, land or capital in a country is called (1) Gross domestic product (2) National income (3) Gross domestic income (4) Gross national income
Last Answer : (3) Gross domestic income Explanation: The Gross Domestic Income (GDI) is the total in-come received by all sectors of an economy within a nation. It includes the sum of all wages, profits, ... services), the gross domestic income of a count should exactly equal its gross domestic product (GDP).
Description : Aggregate net value of the output in one year is the - (1) National income at factor cost (2) Gross Domestic Product at market prices (3) Net. National Product at market prices (4) Gross National Product at market prices
Last Answer : (3) Net. National Product at market prices Explanation: Net national product at market price is the market value of the output of final goods and services produced at current price in ... at market price, Net national product at market price=Gross national product at market priceDepreciation.
Description : Gross National Product - Depreciation Allowance =? (1) Per Capita Income (2) Gross Domestic Product (3) Personal Income (4) Net National Product
Last Answer : (4) Net National Product Explanation: Net National product (NNP) is Gross National Product minus a depreciation allowance for the wearing out of machines and buildings during the period. In other words, NNP= ... Since NNP counts only the net additions to the nation's stock, it is less than GNP.
Description : The best measure to assess a country's economic growth is - (1) per capita income at constant prices (2) per capita income at current prices , (3) gross domestic product at current prices (4) gross national product at current prices
Last Answer : (1) per capita income at constant prices Explanation: Gross domestic product (GDP) is the market value of all officially recognized final goods and services produced within a country in a given period ... the aggregate (such as GDP or Gross National Income) and dividing it by the total population.
Description : National Income is the - (1) Net National Product at market price (2) Net National Product at factor cost (3) Net Domestic Product at market price (4) Net domestic Product at factor cost
Last Answer : (2) Net National Product at factor cost Explanation: Net National Product. at factor cost is also called as national income. Net National Product at factor cost is equal to sum total of value added at ... of the flow of output of goods and services produced within an economy over a period of Lime.
Description : The sum total of production of goods and services in the three sectors in a given year is called______. (a) Gross National Income (b) National Income (c) Net Domestic Product (d) Gross Domestic Product
Last Answer : (d) Gross Domestic Product
Description : What is the sum total of gross value added of all the firms in the country added with the net factor income from abroad? a) Gross Domestic Product b) Gross National Product c) Net Domestic Product d) Net National product
Last Answer : b) Gross National Product
Description : National Income is the: A. Net National Product at market price B. Net National Product at factor cost C. Net Domestic Product at market price D. Net Domestic Product at factor cost
Last Answer : C. Net Domestic Product at market price
Description : The income level of residents in a country is indicated by _______. A. gross national income. B. gross domestic product. C. per capita gross national income. D. per capita gross domestic product
Last Answer : C. per capita gross national income.
Description : The difference between Gross National Product (GNP) and Gross Domestic Product GDP) is (a) Excess of subsidies over indirect taxes ; (b) Depreciation ; (c) Net foreign income from abroad (d) Excess of indirect taxes over subsidies
Last Answer : (c) Net foreign income from abroad
Description : Gross National Product – Depreciation Allowance = ? (1) Per Capita Income (2) Gross Domestic Product (3) Personal Income (4) Net National Product
Last Answer : Net National Product
Description : Net National Product in National Income Accounting refers to (1) Gross Domestic Product— Depreciation (2) Gross Domestic Product + Subsidies (3) Gross National Product— Depreciation (4) Gross National Product + Subsidies
Last Answer : Gross National Product— Depreciation
Description : Aggregate net value of the output in one year is the (1) National income at factor cost (2) Gross Domestic Product at market prices (3) Net National Product at market prices (4) Gross National Product at market prices
Last Answer : Net National Product at market prices
Description : National Income is the (1) Net National Product at market price (2) Net National Product at factor cost (3) Net Domestic Product at market price (4) Net domestic Product at factor cost
Last Answer : Net National Product at factor cost
Description : The sum total of incomes received for the services of labour, land or capital in a country is called : (1) Gross domestic product (2) National income (3) Gross domestic income (4) Gross national income
Last Answer : Gross domestic income
Description : The best measure to assess a country’s economic growth is (1) per capita income at constant prices (2) per capita income at current prices (3) gross domestic product at current prices (4) gross national product at current prices
Last Answer : per capita income at constant prices
Description : If net national products is given at Market Prices , we `"____"` indirect taxes and `"________"` subsidies to get National income of the economy.
Last Answer : If net national products is given at Market Prices , we `"____"` indirect taxes and `"________"` ... Divide C. Subtract , Add D. Subtract , Divide
Description : National income accounting is the study of the income and expenditure of the entire - (1) family (2) state (3) economy (4) organisation
Last Answer : (3) economy Explanation: National Income Accounting is a set of principles and methods used to measure the income and production of a country. There are basically two ways of measuring ... the total of incomes derived from economic activity after allowance has been made for capital consumption.
Description : )A very high rise in National Income at current market prices and a low rise at constant prices reveals - (1) the high rate of growth in the economy at the current period (2) the increased ... period (3) the improper growth of the economy (4) the high rate of inflation prevailing in the economy
Last Answer : (3) the improper growth of the economy Explanation: When national output is multiplied by present ruling price, we obtain national income at current prices. On the other hand if the national output is ... not indicate increase in product or output, but is rather due to the rise in price level.
Description : The supply of labour in the economy depends on - (1) Population (2) National income (3) Per capita income (4) Natural resources
Last Answer : (1) Population Explanation: The supply curve for labor depends on variables such as population, wage rates, etc. in developing countries, the vast population base explains the relatively lower wage ... accessibility to labour supply. This is just the opposite in the case of developed countries.
Description : What makes India a developing economy? A. Rise in National Income B. Rise in Per Capita Income C. Growing Capital Income D. All of the above
Last Answer : A. Rise in National Income
Description : Rate of growth of an economy is measured in term of: A. National Income B. Per Capita Income C. Number of people who have been lifted above the poverty line D. Industrial Development
Last Answer : A. National Incom
Description : A very high rise in National Income at current market prices and a low rise at constant prices reveals (1) the high rate of growth in the economy at the current period (2) the increased production ... (3) the improper growth of the economy (4) the high rate of inflation prevailing in the economy
Last Answer : the high rate of inflation prevailing in the economy
Description : National income accounting is the study of the income and expenditure of the entire (1) family (2) state (3) economy (4) organisation
Last Answer : economy
Description : The supply of labour in the economy depends on (1) Population (2) National income (3) Per capita income (4) Natural resources
Last Answer : Population
Description : Globalisation means - (1) Integration of economy (2) Integration of financial market (3) Integration of the domestic economy with the world economy (4) Integration of the various sectors of economy
Last Answer : (3) Integration of the domestic economy with the world economy Explanation: Globalization is the process of international integration arising from the interchange of world views, products, ... globalization refers to processes that promote world-wide exchanges of national and cultural resources.
Description : GDP is defined as (a) The market value of all goods and services produced in the domestic economy during the year ; (b) Current value of all the capital goods produced in the country. ; (c) ... during the year. ; (d) All the capital goods and consumable goods produced and sold during the year
Last Answer : (a) The market value of all goods and services produced in the domestic economy during the year ;
Description : What do you mean by a mixed economy? a) Modern and traditional industries b) Public and private sectors c) Foreign and domestic investments d) Commercial and subsistence farming
Last Answer : Answer- b
Description : Globalisation means (1) Integration of economy (2) Integration of financial market (3) Integration of the domestic economy with the world economy (4) Integration of the various sectors of economy
Last Answer : Integration of the domestic economy with the world economy
Description : In a closed economy savings are equal to ……………….. at the equilibrium level of income. (a) Investments ; (b) Wages ; (c) Income-Investments ; (d) Wages – Consumption
Last Answer : (a) Investments ;
Description : Define domestic income OR Define domestic product .
Last Answer : Define domestic income OR Define domestic product .
Description : Domestic factor income is another name for :
Last Answer : Domestic factor income is another name for : A. `NDP_(FC)` B. `N NP_(MP)` C. `GDP_(FC)` D. `N NP_(FC)`
Description : Calculate Domestic Income .
Last Answer : Calculate Domestic Income .
Description : Calculate the Domestic Income .
Last Answer : Calculate the Domestic Income .
Description : The incomes of Indians working abroad are a part of - (1) domestic income of India (2) income earned from Abroad (3) net domestic product of India (4) gross domestic product of India
Last Answer : (3) net domestic product of India Explanation: Domestic Product is the ross money value of all final goods and services produced in the domestic territory of a country during a year. National Product ... by the normal residents of a country during a year. It includes net factor income from abroad.
Description : An increase in foreign income generally leads to: a) increased exports, increased domestic output b) decreased exports, increased domestic output c) decreased exports, decreased domestic output d) increased exports, decreased domestic output
Last Answer : a) increased exports, increased domestic output Foreign income is brought by exports and leads to further exports in future, and increased exports means increase in domestic output to meet the demand of exports.
Description : Which of these is/are not included in net domestic product at factor cost. (a) Wages or compensation of employees ; (b) Rent, interest, profits or operating surplus; (c) Mixed income ; (d) None
Last Answer : (d) None
Description : The incomes of Indians working abroad are a part of (1) domestic income of India (2) income earned from Abroad (3) net domestic product of India (4) gross domestic product of India
Last Answer : net domestic product of India
Description : The importance of price to a particular target market depends on the type of product, the type of target market, and the A)state of the economy. B)availability of substitute products. C)purchase situation. D)amount of discretionary income in the target market.
Last Answer : C)purchase situation.