Remuneration given for the use of capital is called
wages
interest
land
rent
The reward paid for enterpreneurial skills is
profits
The total market value of all goods and services produced in a country during a given period of time is
Percapita income
Net National Product
Gross National Product
National Income
Capital is the producer means of
production
distribution
consumption
capital formation
Price paid services are called .
free services
economic services
National income of India was first calculated by
V.K.R.V.Rao
Dadabai Naoroji
Dandekar
Visweswaraiya
Assertion :-The earnings in a market economy are distributed to the owners of the economy's factors of production in the form of wages,profits,rent and interest.
Reasons :- Total incomes received by four factors of production in an economic system during a given period of time called National Income Income at factor cost.
Assertion is True , Reason is False.
Assertion is False ,Reason is True.
Both Assertion and Reason are True.
Both Assertion and Reason are False
The services which are not paid for are known as
Free services
Economic services
Private services
Consumer services
Which one of the following is the price paid to labour?
NI = R+W+I+P where as NI stands for
Net Income
Nominal Income
Net National Income