Economics Mid-Term Review

Which one of the following is also included in the National Income?

• None of these

• Transfer Earnings

• Black Money

• Sale proceedings of bonds and shares

Which method is adopted in measuring National Income?

• Production Method

• Expenditure Method

• All of these

• Income Method

Which of the following is the employment theory related to?

• Macroeconomics

• Microeconomics

• Static economics

• None of the above

Which of the following is another term for the Net National Product at factor cost?

• Gross National Product

• Net Domestic Product

• Personal Income

• National Income

Which one is included in Primary Sector?

• Forest

• Land

• Mining

• All of these

Which of the following is true for Inflation?

• The value of money stays the same during Inflation

• The value of money decreases during Inflation

• The value of money increases during Inflation

• None of the above

Macro-economics is the study of:

• Principle or Theories of national income

• Consumer's theory

• None of these.

• Production theory

The increase in the stock of the capital is also called

• Capital Profit

• Capital Loss

• Capital Formation

• None of the above

Which of the following term is opposite to Inflation?

• Stagflation

• Deflation

• Desolation

• Hyperinflation

Which one of the following services are included in the Secondary Sector?

• Insurance

• Trade

• Manufacturing

• Banking