Tag: methods of measuring national income

Questions Related to methods of measuring national income

______________ method is also called Value Added Method of computing National Income.

business economics and quantitative methods measurement of national income methods of national income methods of measuring national income national income analysis

  1. Product

  2. Income

  3. Expenditure

  4. All of the above

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Correct Option: A

Which of the following is /are NOT included in the national income estimation by income method?
(i)  Mixed income
(ii) Royalty
(iii) Rent
(iv) Profit

business economics and quantitative methods measurement of national income methods of national income methods of measuring national income national income analysis

  1. Only (i)

  2. Only (i) and (ii)

  3. Only (ii) and (iv)

  4. None of the above

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Correct Option: D

Under Expenditure Method, Consumption Expenditure + Net Domestic Investment + Net Foreign Investment equals _____________.

business economics and quantitative methods measurement of national income methods of national income methods of measuring national income national income analysis

  1. Gross Domestic Expenditure

  2. Gross National Expenditure

  3. Net Domestic Expenditure

  4. Net National Expenditure

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Correct Option: D

Under Expenditure Method, Consumption Expenditure + Net Domestic Investment equals _____________.

business economics and quantitative methods measurement of national income methods of national income methods of measuring national income national income analysis

  1. Gross Domestic Expenditure

  2. Gross National Expenditure

  3. Net Domestic Expenditure

  4. Net National Expenditure

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Correct Option: C

Income Method does not include _____________.

business economics and quantitative methods measurement of national income methods of national income methods of measuring national income national income analysis

  1. rent

  2. mixed incomes

  3. pensions

  4. all of the above

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Correct Option: C

Net Value Added is equal to _____________________.

business economics and quantitative methods measurement of national income methods of national income methods of measuring national income national income analysis

  1. Payments accruing to Factors of Production

  2. Compensation to Employees

  3. Wages plus Rent plus Imputed Rent

  4. Value of Output minus Depreciation

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Correct Option: A

The three methods of calculating national income measure __________.

business economics and quantitative methods measurement of national income methods of national income methods of measuring national income national income analysis

  1. the same thing from different angle

  2. different thing from different angle

  3. different thing at the same angle

  4. the same thing from the same angle

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Correct Option: A

In which sector, expenditure method is used in India for calculating national income?

business economics and quantitative methods measurement of national income methods of national income methods of measuring national income national income analysis

  1. Agriculture sector

  2. Mining sector

  3. Construction sector

  4. Transportation sector
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Correct Option: C

Under expenditure Method, Consumption Expenditure + Net Domestic Investment + Replacement Expenditure equals ______________.

business economics and quantitative methods measurement of national income methods of national income methods of measuring national income national income analysis

  1. Gross Domestic Expenditure

  2. Gross National Expenditure

  3. Net Domestic Expenditure

  4. Net National Expenditure

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Correct Option: A

'Distributed Profits' is also known as: 

economics measurement of national income methods of national income methods of measuring national income national income analysis

  1. Corporate Tax

  2. Dividend

  3. Retained Earnings

  4. None of these

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Correct Option: B