Question 7 :
The following statement is true or false? Give reasons.<br/>Final goods include only those goods which are consumed by the households. <br/>
Question 11 :
Which of the following is not a category of inputs traded on the factor market?
Question 13 :
Addition to the capital stock of an economy is termed as ______________.
Question 14 :
State which of the following refers to the macro approach from a national angle.
Question 15 :
The following statements true or false? Give reasons.<br>In final goods, no value is to be added. <br>
Question 21 :
Domestic product includes contribution of only resident producers within the domestic territory of the country.
Question 24 :
The following statements true or false? Give reasons.<br>End-use of the goods categorise the goods as intermediate goods and final goods. <br>
Question 25 :
Real flow refers to the flow of factor services from ______ to ________.
Question 26 :
Circular flow of income does not take place in case of closed economy.
Question 27 :
The following statement is true or false? Give reasons.<br/>Butter is only a final product. <br/>
Question 28 :
Are the following statements true or false? Give reasons.<br>Goods produced for self-consumption will be included in national income. <br>
Question 33 :
Which of the following is not an economic activity and hence not included while estimating national income in India?
Question 34 : <p>What is the reason/s for the unequal distribution of national income?</p>
Question 35 :
Product method of calculating the national income is also known as _______.
Question 38 :
______ is the personal income minus personal income tax and miscellaneous payments to government.
Question 40 :
In India, National Income is calculated by the method which is known as ____________.
Question 42 :
National income of a country divided by its total population is known as______.
Question 43 : <p>National income is an income which can be measured in terms of money. This definition was given by which of the following economist ________.</p>
