Which one leads to factor cot?
Q. Which one leads to factor cot? Market price – Indirect taxes Market price – Net indirect taxes Market price + Indirect taxes Market price + Net indirect taxes Answer: Market price – Net indirect taxes
Which one includes depreciation?
Q. Which one includes depreciation? GNP at market price NNP at market price NNP at factor cost None of these Answer: GNP at market price
Basis of the difference between the concepts of market price and factor cost is
Q. Basis of the difference between the concepts of market price and factor cost is: direct taxes indirect taxes subsidies Net indirect taxes Answer: Net indirect taxes
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Net indirect taxes are estimated as
Q. Net indirect taxes are estimated as: Indirect taxes + Subsidies Subsidies – Indirect taxes Indirect taxes – Subsidies both b) and c) Answer: Indirect taxes – Subsidies
Domestic product is equal to
Q. Domestic product is equal to National product + Net factor income from abroad National product – Net factor income from abroad National product / Net factor income from abroad National Product * Net factor income from abroad Answer: National product – Net factor income from abroad
Reason for the circular flow of income is
Q. Reason for the circular flow of income is: government intervention production of goods and services mutual interdependence of producer and household sector invention of money Answer: mutual interdependence of producer and household sector
The market price of the final goods and services (including depreciation) produced within the domestic territory of a country during an accounting year, is called
Q. The market price of the final goods and services (including depreciation) produced within the domestic territory of a country during an accounting year, is called: GDP at market price GNP at market price GDP at factor cost GNP at factor cost Answer: GDP at market price
National income is often estimated as
Q. National income is often estimated as: NDP at FC NNP at mp NDP at mp NNP at FC Answer: NNP at FC
A car running between Delhi and Agra at a speed at 120 Km/h includes
Q. A car running between Delhi and Agra at a speed at 120 Km/h includes: only stock variables only flow variables both a stock and a flow variable None of these Answer: both a stock and a flow variable
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Factor services rendered by the households to the firms lead to
Q. Factor services rendered by the households to the firms lead to: real flow money flow services flow both a) and c) Answer: real flow
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