National Income

National income does not include_____

• Wages and salaries

• Rent and Royalty

• Student scholarship

• Corporate Tax

Q.Which of the following is not the part of profit?

• Dividend

• Undistributed profit

• Corporate tax

• Royalty

Which of the following is an intermediate good

• Bread

• Leather

• Cloth

• Shoes

Which of the following is a flow?

• Population

• Births and deaths

• Water in a tank

• None of these

How many approaches in calculating national income?

• 4

• 3

• 2

• 1

Which one of the following is not included in NI?

• Old age pension

• retirement pension

• wages

• bonus

The national income is

• a. NNP at factor cost

• b. NNP at market price

• c. GNP at market price

• d. GNP at factor cost

When a nation's exports exceed its imports and is calculated as exports - imports

• trade surplus

• trade deficit

• inventory

• gross domestic product

Which is an example of a final good or service

• Coffee Beans at Starbucks

• T-Shirt at Polo Store

• Lumber at furniture store

• Wheat at a bakery

What is depreciation?

• Capital loss

• Fixed capital loss

• Consumption of fixed capital

• None