__________ are variable quantities measurable at any particular point of time.
Ratios
Flows
Stocks
None of these
Remuneration for the contribution made by entrepreneurship is called ___________.
Rent
Wages
Profit
In the two sector model diagram the upper part represents _____________.
Product market
Factor market
Service market
Final goods used by consumers for satisfaction are called __________.
Flow goods
Stock goods
Consumption goods
___________ is given for the contribution made by capital .
Interest
The total value of all capital goods produced in the economy during a given period is called ______________.
Gross investment
Gross interest
Net investment
___________ are variable quantities measurable only over a period of time .
What are the importance of national income analysis ?
Helps to compare economic development over time
Helps to make international comparison
Helps to measure the standard of living of the people of different countries at different periods
All the above
Remunaration given for the contribution made by human labour is called ___________.
In a two sector model ,all goods and services produced by firms ,are bought by the ______________.
Government
Households
Foreign countries