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Q. The market value of all final goods and services produced in an economy over a year is called : Gross National ProductNational IncomeGross Domestic ProductNet National Product Answer: Gross Domestic Product
READ MORE +Q. The market value of all final goods and services produced in an economy over a year is called : Gross National ProductNational IncomeGross Domestic ProductNet National Product Answer: Gross Domestic Product
READ MORE +Q. Which method is adopted in measuring National Income? Production MethodIncome MethodExpenditure MethodAll of these Answer: All of these
READ MORE +Q. If for a country net factor income from abroad is negative then: GDP < GNPGDP > GNPGDP ≥ GNPGDP = GNP Answer: GDP > GNP
READ MORE +Q. What is the consumption of fixed capital called? Capital formationDepreciationInvestmentAll of these Answer: Depreciation
READ MORE +Q. Which one is included in National Income? Rent, Wage, InterestRent, Wage, SalaryRent, Profit, InterestRent, Wage, Salary, Interest, Profit Answer: Rent, Wage, Salary, Interest, Profit
READ MORE +Q. Net National Income at Factor Cost is called? National IncomeGross InvestmentDomestic IncomeNone of these Answer: National Income
READ MORE +Q. Depreciation expenses are included in: GNPMpNNPMpNNPFCNone of these Answer: GNPMp
READ MORE +Q. The market price of all final goods of a country in a year is known as: GDPMPGDPFCNNPFCNone of these Answer: GDPMP
READ MORE +Q. Which service is included in Tertiary Sector? MiningConstructionCommunicationAnimal Husbandry Answer: Communication
READ MORE +Q. The primary sector includes: AgricultureRetail tradingSmall IndustriesAll the these Answer: All the these
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