Consumption of fixed capital is also known as
Capital Formation
Depreciation
Investment
All the above
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
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
National Income means
Income of the states
Income of the world
Income of the country
Income of the village
NNP at factor cost means
National Income
National Expenditure
National Wealth
National Capital
In defining Real Gross National Product there is the importance of
Profit
Price
Loss
Net national product
In the estimation of National Income through output method , value of intermediate goods should be
Included
Excluded
Increased
Decreased
The loss in the value of capital goods is called
Subsidy
Foreign trade loss
Exchange loss
Income is measured in terms of
Goods
Money
Services
Profits
National income ,according to income method is the sum total of income earned by
Individual factor of production
Primary factor of production
Secondary sector production
All the factor of production
