12th Grade > Economics - 2
MEASURES OF NATIONAL INCOME MCQs
Total Questions : 30
| Page 1 of 3 pages
Answer: Option A. -> GNP at market price
:
A
GNP at market price - Depreciation = NNP at market price
:
A
GNP at market price - Depreciation = NNP at market price
Answer: Option B. -> Depreciation
:
B
The difference between gross domestic product and net domestic product is due to depreciation.
:
B
The difference between gross domestic product and net domestic product is due to depreciation.
Answer: Option A. -> 4000
:
A
Real GDP = Nominal GDPGDP deflator
=5,000125×100=4,000
:
A
Real GDP = Nominal GDPGDP deflator
=5,000125×100=4,000
Answer: Option D. -> Both A and B
:
D
Depreciation of fixed capital assets refers to normal wear and tear and foreseen obsolescence.
:
D
Depreciation of fixed capital assets refers to normal wear and tear and foreseen obsolescence.
Answer: Option C. -> either positive or negative
:
C
The impact of an externality can be either positive or negative.
:
C
The impact of an externality can be either positive or negative.
Answer: Option B. -> The payment without work
:
B
Transfer payments means the payment without work.
:
B
Transfer payments means the payment without work.
Answer: Option C. -> Income inequality
:
C
The Gini coefficient is a statistical measure of income distribution in an economy.
:
C
The Gini coefficient is a statistical measure of income distribution in an economy.
Answer: Option B. -> Market price - Net Indirect tax
:
B
Market price - Net Indirect tax = Factor Cost.
:
B
Market price - Net Indirect tax = Factor Cost.
Answer: Option B. -> False
:
B
Market price includes the impact of both indirect taxes and subsidies. Indirect taxes raise the market price while subsidies lower it.
:
B
Market price includes the impact of both indirect taxes and subsidies. Indirect taxes raise the market price while subsidies lower it.
Answer: Option C. -> It does not measure the quality of the items produced
:
C
It measures the income generated but not the quality of the products; items may be better quality but cheaper to produce so GDP would fall.
:
C
It measures the income generated but not the quality of the products; items may be better quality but cheaper to produce so GDP would fall.
Latest Videos
Latest Test Papers
Login With Google
Old way of Login
Login With Email