KUIZ 2: NATIONAL INCOME
KUIZ 2: NATIONAL INCOME
1.
The difference between value of output and value
added is:
(a) Depreciation
(b) Intermediate consumption
(c) Net indirect taxes
2.
Product method of calculating national income is
also known as:
(a) Value added method
(b) Expenditure method
(c) Distribution method
3.
Transfer payments refer to payments, which are
made:
(a) Without any exchange of goods and services
(b) To workers on transfer from one job to another
(c) As compensation to employees
4.
National Income differs from Net National Product
at market price by the amount of:
(a) Current transfers from rest of the world
(b) Net Indirect Taxes
(c) National debt interest
5.
GNP calculation which of the following should be
excluded?
(a) Rental incomes
(b) Interest payments
(c) Government transfer payment
6.
The value of national output produced by residents
located within the country, before depreciation
and including the influence of taxes and subsidies,
is known as:
(a) GNP at market prices
(b) GNP at factor cost
(c) GDP at market prices
7.
Which of the following represents the difference
between GNP at market prices and GDP at market
prices?
1.
The difference between value of output and value
added is:
(a) Depreciation
(b) Intermediate consumption
(c) Net indirect taxes
2.
Product method of calculating national income is
also known as:
(a) Value added method
(b) Expenditure method
(c) Distribution method
3.
Transfer payments refer to payments, which are
made:
(a) Without any exchange of goods and services
(b) To workers on transfer from one job to another
(c) As compensation to employees
4.
National Income differs from Net National Product
at market price by the amount of:
(a) Current transfers from rest of the world
(b) Net Indirect Taxes
(c) National debt interest
5.
GNP calculation which of the following should be
excluded?
(a) Rental incomes
(b) Interest payments
(c) Government transfer payment
6.
The value of national output produced by residents
located within the country, before depreciation
and including the influence of taxes and subsidies,
is known as:
(a) GNP at market prices
(b) GNP at factor cost
(c) GDP at market prices
7.
Which of the following represents the difference
between GNP at market prices and GDP at market
prices?
(a) Import
(b) Export
(c) Net property income from abroad
(a) Import
(b) Export
(c) Net property income from abroad
8.
8.
Which of the following is a widely used measure of
the standard of living?
(a) Nominal output (income) per head of
population
(b) Nominal output (income) per employed person
(c) Real output (income) per head of population
Which of the following is a widely used measure of
the standard of living?
(a) Nominal output (income) per head of
population
(b) Nominal output (income) per employed person
(c) Real output (income) per head of population