___________ is given for the contribution made by capital .
Wages
Interest
Rent
None of these
NNPat market price – Net indirect taxes = ____________.
Personal income
GNP at factor cost
NNP at factor cost
___________ are variable quantities measurable only over a period of time .
Flows
Stocks
Ratios
What are the importance of national income analysis ?
Helps to compare economic development over time.
Helps to make international comparison.
Helps to measure the standard of living of the people of different countries at different periods.
All the above.
The loss in the value of capital goods over a period of time due to the normal physical wear and tear of capital goods in the process of production is called ____________.
Depression
Devaluation
Depreciation
____________ supply factors of production to firms in a two sector model.
Government
Foreign countries
Households
Helps to compare economic development over time
Helps to make international comparison
Helps to measure the standard of living of the people of different countries at different periods
All the above
Remunaration given for the contribution made by human labour is called ___________.
Profit
Final goods used by consumers for satisfaction are called __________.
Flow goods
Stock goods
Consumption goods
In the two sector model diagram the upper part represents _____________.
Product market
Factor market
Service market
