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Geography
Economics
Political Science
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Question-1
Which of the following is the term used to describe an addition to a nations capital stock?
(A)
Inflation
(B)
Real GDP
(C)
Nominal GDP
(D)
Investment
Question-2
Value added is
(A)
The final cost of producing a good
(B)
The difference between a firm's sales and its purchases of inputs to the production process
(C)
The final value of the good
(D)
All the above
Question-3
Which of the following is GDP at current prices?
(A)
Nominal GDP
(B)
Real GDP
(C)
Inflationary GDP
(D)
Value added GDP
Question-4
GDP includes
(A)
Real capital
(B)
Financial capital
(C)
Money capital
(D)
All the above
Question-5
Subtracting depreciation from GDP yields
(A)
Real GDP
(B)
The GDP deflator
(C)
Net domestic product
(D)
Gross national product
Question-6
Which of the following is a way to calculate GDP?
(A)
Sum the annual flow of final goods and services
(B)
Sum all the costs of producing society's final products
(C)
Both a and b
(D)
Neither a nor b
Question-7
The special feature of GDP includes
(A)
The value of new goods
(B)
The value of record hand goods
(C)
Demand of goods
(D)
Supply of goods
Question-8
Gross National Product equals:
(A)
Net National Product adjusted for inflation
(B)
Gross Domestic Product adjusted for inflation
(C)
Gross Domestic Product plus net property income from abroad
(D)
Net National Product plus net property income from abroad
Question-9
Net National Product equals
(A)
Gross National Product adjusted for inflation
(B)
Gross Domestic Product adjusted for inflation
(C)
Gross Domestic Product plus net property income from abroad
(D)
Gross National Product minus depreciation
Question-10
Which of the following is a way to calculate GDP?
(A)
Sum the annual flow of final goods and services
(B)
Sum all the costs of producing society's final products
(C)
Both a and b
(D)
Neither a nor b
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Plus 1 Humanities
Tamil Nadu (English Medium)
Practice in Related Chapters
Economic Growth and Development
Population
Poverty and Unemployment
Economic Planning
Banking
Agriculture
Measures of Variability
Statistical Analysis and Measures of Central Pendency
Human Resource Development
Foreign Trade
Industrial Sector
National Income
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