National Income MCQs
Value-added refers to

Q. Value-added refers to:- production of durable goodsoutput – intermediate consumptionproduction of non-durable goodsexpenditure on intermediate goods Answer: output – intermediate consumption

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GDP Deflator =

Q. GDP Deflator = Real income/Nominal income * 100Nominal Income/Real Income * 100Real Income/Population * 100None of these Answer: Nominal Income/Real Income * 100

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National income refers to

Q. National income refers to: factor incomes onlyincome of only normal residents of the countrythe sum total of domestic income and net factor income from abroadall of these Answer: all of these

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GNP at market price is measured as

Q. GNP at market price is measured as: GDP at market price – DepreciationGDP at market price + Net factor income from abroadGNP at market price + subsidiesNDP at factor cost + Net factor income from abroad Answer: GDP at market price + Net factor income from abroad

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