12th Grade > Economics - 2
MEASURES OF NATIONAL INCOME MCQs
Total Questions : 30
| Page 2 of 3 pages
Answer: Option A. -> True
:
A
True. Provided that, national income as the market value of final goods and services produced during the yearis estimated at constant prices, not at current prices.
:
A
True. Provided that, national income as the market value of final goods and services produced during the yearis estimated at constant prices, not at current prices.
Answer: Option A. -> The sum total of domestic income and net factor income from abroad
:
A
National income refers to all the given options.
:
A
National income refers to all the given options.
Answer: Option B. -> False
:
B
False, because GDP deflator for the period 1995-2000 is 140% means that we can buy with 140 Rupees in 2000 what we can buy with 100 Rupees in 1995.
:
B
False, because GDP deflator for the period 1995-2000 is 140% means that we can buy with 140 Rupees in 2000 what we can buy with 100 Rupees in 1995.
Answer: Option A. -> Personal disposable income can be used at will by households
:
A
Personal disposable income can be used at will by households.
:
A
Personal disposable income can be used at will by households.
Answer: Option A. -> True
:
A
Increase in the price level can cause an increase in national income at current prices without an increase in the quantum of goods and services.
:
A
Increase in the price level can cause an increase in national income at current prices without an increase in the quantum of goods and services.
Answer: Option C. -> national income at constant prices
:
C
Real national income is measured at constant prices, adjusted for inflation.
:
C
Real national income is measured at constant prices, adjusted for inflation.
Answer: Option A. -> Transfer payment
:
A
Financial helpto a victim is a transfer payment.
:
A
Financial helpto a victim is a transfer payment.
Answer: Option A. -> True
:
A
Real GDP per capita = Real GDPPopulation. Therefore the given statement is true.
:
A
Real GDP per capita = Real GDPPopulation. Therefore the given statement is true.
Answer: Option C. -> both A and B
:
C
Factor income from NDP accruing to public sector is equal to income from property and enterprise of the government going to departmental enterprises andsavings of non-departmental enterprises.
:
C
Factor income from NDP accruing to public sector is equal to income from property and enterprise of the government going to departmental enterprises andsavings of non-departmental enterprises.
Answer: Option A. -> Human Development Index (HDI)
:
A
HDI is a measure of well-being that includes health (measured with life expectancy), wealth (measured with GDP per capita), and education (measured with an education index), that can be used to compare countries' social and economic development, as well as track this development over time.
:
A
HDI is a measure of well-being that includes health (measured with life expectancy), wealth (measured with GDP per capita), and education (measured with an education index), that can be used to compare countries' social and economic development, as well as track this development over time.
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