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.
All goods and services used by the producers as inputs into a further stage of production are called ____________.
Final goods
Intermediate goods
Consumption goods
None of these
____________ supply factors of production to firms in a two sector model.
Government
Foreign countries
Households
___________ are variable quantities measurable only over a period of time .
Flows
Stocks
Ratios
Remunaration given for the contribution made by human labour is called ___________.
Profit
Rent
Wages
In __________ method GDP is measured from the demand side of the products.
Product
Expenditure
Income
Final goods used by consumers for satisfaction are called __________.
Flow goods
Stock goods
Vehicles equipments ,machinery used for the production of other goods are called ___________.
Capital goods
____________ refers to the amount of investment after the replacement of depreciated capital.
Gross investment
Net investment
Net interest
Remuneration for the contribution made by entrepreneurship is called ___________.
