Tag: methods of measuring national income
Questions Related to methods of measuring national income
Illegal income includes ______ while transfer income includes ________.
National Income is the ________ of all goods and services produced by a country during a period of year.
For developed economics which of the following methods is most suitable?
"The national income consists of a collection of goods and services reduced to common basis by being measured in terms of money."- who says this?
To avoid double counting in national income GDP is calculated by summing up ________.
Are the following statements true or false? Give reasons.
Production of services for self-consumption are not included in national income.
When planned savings is less than planned investment, then:
Self employed people generally earn mixed income.
In small sector net value added is estimated by ________.
Net income from abroad should be added in the national income.