The reason for measuring National Income is
To know the profits of the firms
To evaluate the performance of the country's economic activity
To determine the value of imports and exports of a country
To know the contribution of the states economy
GNP does not include this item
Finished Products
Value of capital Goods
Intermediate Goods
Primary Goods
Study of national income is related to
Micro economics
Macro economics
International economics
Econometrics
According to which method,National Income is the sum total of income earned by all the factors of production .
Income method
Output method
Value added method
Expenditure method
Which type of economy which has economic relations to other countries?
Closed Economy
Open Economy
Self - reliant Economy
None of above
The loss in the value of capital goods is called
Subsidy
Foreign trade loss
Exchange loss
Depreciation
Among which sectors of the economy,the circular flow of money is called circular flow of income.
Same
Similar
Constant
Different
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
NNP at factor cost means
National Income
National Expenditure
National Wealth
National Capital
While calculating GNP at market price value of subsidies are
Added
Deducted
Increase
Decrease
