Remunaration given for the contribution made by human labour is called ___________.
Profit
Rent
Wages
None of these
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.
___________ are variable quantities measurable only over a period of time .
Flows
Stocks
Ratios
Final goods used by consumers for satisfaction are called __________.
Flow goods
Stock goods
Consumption goods
NNPat market price – Net indirect taxes = ____________.
Personal income
GNP at factor cost
NNP at factor cost
Vehicles equipments ,machinery used for the production of other goods are called ___________.
Capital goods
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
National income is always measured in terms of ___________.
Money
services
Goods
In __________ method GDP is measured from the demand side of the products.
Product
Expenditure
Income
___________ is given for the contribution made by capital .
Interest
