national income mcqs

Q. Classification of goods depend on the: consumption of goods production of goods first – use of goods end -use of goods Answer: end -use of goods

Q. Final goods are used by the: consumers producers government all of these Answer: all of these

Q. Consumption of all goods and services in the economy during the period of an accounting year is knows as: aggregate demand aggregate supply aggregate consumption none of these Answer: aggregate consumption

Q. Economic agents include: government consumers producers all of these Answer: all of these

Q. Macroeconomics is concerned with: the level of output of goods and services in the economy the general level of prices GDP growth all of these Answer: all of these

Q. Study of the general price level is a subject matter of: microeconomics macroeconomics both 1 and 2 None of these Answer: macroeconomics

Q. Given NDP at fc = 80, indirect tax = 10, and net factor income to abroad = -10, what is NNP at mp? 70 80 90 100 Answer: 80

Q. GDP at mp is: Inclusive of depreciation Inclusive of indirect tax Exclusive of subsidies All the above Answer: All the above

Q. Capital and investment are:- Both flows Both stocks Capital is stock while investment is flow Investment is stock while capital is flow Answer: Capital is stock while investment is flow

Q. Chinese embassy in India is a part of economic territory of: China India Both China and India International area Answer: China