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
In defining Real Gross National Product there is the importance of
Profit
Price
Loss
Net national product
Study of national income is related to
Micro economics
Macro economics
International economics
Econometrics
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
The aggregate value of all final goods and services produced in a country in a year is called
Net national product at factor cost
Net domestic product at market prices
Gross national product
The standard of living
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
Among which sectors of the economy,the circular flow of money is called circular flow of income.
Same
Similar
Constant
Different
High level of economic activity is known by
The growth rate of population
The increase in literacy
The growth rate of expenditure
The growth rate of national income
Income is measured in terms of
Goods
Money
Services
Profits
