Tag: methods of national income

Questions Related to methods of national income

Given Real GDP 9% and rate of inflation 2.25%, the norminal GDP will be ___.

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

  1. 9%

  2. 11.25%

  3. 6.75%

  4. 8%

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Correct Option: B

"Determination of wage rate, distribution of national income" was the theory given by?

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

  1. Adam smith

  2. A. marshall

  3. Ricardo

  4. Pigon

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Correct Option: B

For studying the various national income components it is required that data should be collected on _______________.

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

  1. Expenditure

  2. Investments

  3. Income

  4. All of the above

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Correct Option: D

The net values added (NVA) method of measuring 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. net output method

  2. production method

  3. industry of origin method

  4. all of the above

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Correct Option: D
Explanation:

The NVA method of measuring national income is also known as net output method, production method and industry of origin method.

Identify the items which is not a factor payment.

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

  1. Free uniform to defense personnel

  2. Salaries to the members of Parliament

  3. Imputed rent of an owner occupied building

  4. Scholarship given to the scheduled caste students

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Correct Option: D
Explanation:

Factors payments are those payments, which are made to factors of production e.g. rent, interest, profit, wages etc. Scholarships given to the scheduled caste students is not a factor payment, it is a transfer payment and it will not be included in national income.

If Willingness to Save is less, the level of ________ will be higher.

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

  1. Government regulated Savings

  2. Compulsory Savings

  3. Forced Savings

  4. All of the above

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Correct Option: D

Expenditure Method focusses on measurement of National Income at _____________________.

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

  1. phase of Production of Goods and Services

  2. phase of Income Distribution

  3. phase of Income Disposition

  4. all of the above

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Correct Option: C

_________ method is suitable for measuring National Income in the case of Agricultural sector.

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

Income method focusses on measurement of National Income at ______________________.

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

  1. phase of Production of Goods and Services

  2. phase of Income Distribution

  3. phase of Income Disposition

  4. all of the above

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Correct Option: B

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. value added method

  2. income method

  3. expenditure method

  4. none of the above

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Correct Option: A