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
National Income means
Income of the states
Income of the world
Income of the country
Income of the village
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
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
Study of national income is related to
Micro economics
Macro economics
International economics
Econometrics
In the estimation of National Income through output method , value of intermediate goods should be
Included
Excluded
Increased
Decreased
Subsidies mean
Collecting more prices than the actual cost of production
Supplying goods at lower prices than the real prices
Free supply of goods to the farmers
Collecting more taxes on the consumer goods
In defining Real Gross National Product there is the importance of
Profit
Price
Loss
Net national product
While calculating GNP at market price value of subsidies are
Added
Deducted
Increase
Decrease