Tag: methods of national income

Questions Related to methods of national income

Which of the following items are included in computing National Income under Product Method?

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

  1. Own account production of Fixed Assets by Government,Enterprises and Households

  2. Production for Self-Consumption,

  3. Imputed Rent of owner-occupied houses

  4. All of the above

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Correct Option: D

The annual flow of Factor Earnings in the form of Wages,Rents,Interests and Profits accrued from Labour, Land, Capital and Organization respectively are taken into account  in which of the following approaches to measuring National Income?

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

  1. Income Approach

  2. Expenditure Approach

  3. Product Approach

  4. All the approaches consider Factor Earnings

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Correct Option: A

_____________ method is suitable for measuring National Income in the case of construction 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: C

In which of the following approaches is National Income measured by calculating the Total Value of the Final Output of a country?

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

  1. Income Approach

  2. Product Approach

  3. Expenditure Approach

  4. No such measures exist, where final output of a country is considered for measuring National Income

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Correct Option: B

The Net Values Added 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

______________ 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