Tag: methods of measuring national income

Questions Related to methods of measuring national income

Under the expenditure method _________.

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

  1. expenditure on financial assets which are produced and owned within the country is excluded

  2. expenditure on financial assets of foreign countries is included

  3. both above are true

  4. none is true

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Correct Option: C

For developed economies which of the following methods is most suitable?

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

  1. Value Added Method

  2. Income Method

  3. Expenditure Method

  4. Product Method

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Correct Option: B

These days, an increasing proportion of national income is being measured by _______.

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

  1. Value Added Method

  2. Income Method

  3. Expenditure Method

  4. Product Method

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Correct Option: C

Gini co-efficient is used for measuring poverty in _____________ sense.

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

  1. absolute

  2. relative

  3. gross

  4. net

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Correct Option: B

In India, poverty is measured in ___________ terms.

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

  1. absolute

  2. relative

  3. both

  4. none of the above

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Correct Option: A

Which of the following is true?

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

  1. Gross national expenditure $=$ consumption expenditure $+$ net domestic investment $+$ net foreign investment $+$ Replacement expenditure

  2. Net National Expenditure $=$ Gross National Expenditure $-$ Replacement investment

  3. Net domestic expenditure $=$ consumption expenditure $+$$ net domestic investment

  4. All of the above are true

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Correct Option: D

In countries like India, in practice _________.

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

  1. contributions of different sectors are calculated by different methods

  2. one consistent method is used

  3. both above are true depending upon facts and circumstances

  4. none of above is true

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Correct Option: A

When poverty is not related to income or consumption expenditure, it is ___________.

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

  1. absolute

  2. relative

  3. below poverty line

  4. none of the above

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Correct Option: A

India's per capita income is showing a year on year ___________.

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

  1. increase

  2. decrease

  3. constant

  4. none of above

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Correct Option: A

The production method of calculating national income is also known as _________.

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

  1. income method

  2. subtraction method

  3. value added method

  4. repeated distribution method

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Correct Option: C