Which two of the following are excluded when measuring National income?
Value added in the output method
Transfer payments in the income method
Value of intermediate inputs in the output method
Consumer spending in the expenditure method
Flow of goods and services between firms and households are
Real flow
Money flow
Flow of capital
The key issues of macro economics are
Unemployment
Inflation
Economic growth
All the above
An economy which has economic relations to other countries is known as
Closed economy
Open economy
Self reliant economy
Mixed economy
Capital stock is equal to
Capital stock produced during the year
Capital stock produced during the previous year
Opening balance of capital stock increase in capital stock during the year
Capital stock likely to be produced next year
In an open economy leakages to imports _______ the value of the multiplier.
Reduce
Increases
Do not change
Constant
In the circular flow we would expect leakages to _______ injections.
Equal
Be lessthan
Be greaterthan
Be less or greater than
Mountains and rivers are
National capital
National wealth
Real capital
International capital
Injections in to the circular flow are
Consumption, investment,exports
Investment,exports,transfer payments
Investment, government expenditure exports
Taxes exports,transfer payments
Consumption of fixed capital is also known as
Capital formation
Depreciation
Option 4 Goes Here
