Which of the following is the consumption sector?
Q. Which of the following is the consumption sector? Households Firms Foreign Government Answer: Households
Which of the following is the consumption sector? Read More »
National Income MCQs
Problem of double counting can be avoided by using
Q. Problem of double counting can be avoided by using: final output method value-added method both 1 and 2 neither 1 nor 2 Answer: both 1 and 2
Problem of double counting can be avoided by using Read More »
Money flow involves the exchange of
Q. Money flow involves the exchange of: Goods and services Gifts Money None of these Answer: Money
Real flow is also known as
Q. Real flow is also known as: Nominal flow Physical flow Money flow Both a) and b) Answer: Physical flow
Stock variable is defined as a variable that is
Q. Stock variable is defined as a variable that is Measured over a period of time Measured at a particular point in time Can not be measured None of these Answer: Measured at a particular point in time
Losses are classified as
Q. Losses are classified as: Stock variable Flow variable Either a) or b) Neither a) nor b) Answer: Flow variable
Two-sector economy consists of
Q. Two-sector economy consists of: Households, firms Firms, Foreign sector Households, Government Firms, Government Answer: Households, firms
Which of the following is not an example of a flow variable?
Q. Which of the following is not an example of a flow variable? Number of births during a year National Wealth National Income Wheat produced during a year Answer: National Wealth
Which of the following is not an example of a flow variable? Read More »
Which of the following is not considered a factor of income?
Q. Which of the following is not considered a factor of income? Rent Wages Gifts from abroad Profit Answer: Gifts from abroad
Which of the following is not considered a factor of income? Read More »
Which of the following is a phase of the circular flow of income?
Q. Which of the following is a phase of the circular flow of income? Generation Phase Distribution Phase Disposition Phase All of these Answer: All of these
Which of the following is a phase of the circular flow of income? Read More »