Remuneration for the contribution made by entrepreneurship is called ___________.
Rent
Wages
Profit
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.
____________ supply factors of production to firms in a two sector model.
Government
Foreign countries
Households
___________ is given for the contribution made by capital .
Interest
Remunaration given for the contribution made by human labour is called ___________.
In __________ method GDP is measured from the demand side of the products.
Product
Expenditure
Income
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
Final goods used by consumers for satisfaction are called __________.
Flow goods
Stock goods
Consumption goods
In a two sector model ,all goods and services produced by firms ,are bought by the ______________.
__________ are variable quantities measurable at any particular point of time.
Ratios
Flows
Stocks
