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
The loss in the value of capital goods over a period of time due to the normal physical wear and tear of capital goods in the process of production is called ____________.
Depression
Devaluation
Depreciation
None of these
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.
____________ refers to the amount of investment after the replacement of depreciated capital.
Gross investment
Net investment
Net interest
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
___________ is given for the contribution made by capital .
Interest
NNPat market price – Net indirect taxes = ____________.
Personal income
GNP at factor cost
NNP at factor cost
____________ supply factors of production to firms in a two sector model.
Government
Foreign countries
Households
All goods and services used by the producers as inputs into a further stage of production are called ____________.
Final goods
Intermediate goods
Consumption goods