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National Income Accounting Test - 18

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National Income Accounting Test - 18
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Weekly Quiz Competition
  • Question 1
    1 / -0
    The Net Values Added method of measuring National Income is also known as ______________.
  • Question 2
    1 / -0
    In which of the following approaches is National Income measured by calculating the Total Value of the Final Output of a country?
  • Question 3
    1 / -0
    ______________ method is also called value added method of computing national income.
  • Question 4
    1 / -0
    Income Method does not include _____________.
  • Question 5
    1 / -0
    The annual flow of Factor Earnings in the form of Wages,Rents,Interests and Profits accrued from Labour, Land, Capital and Organization respectively are taken into account  in which of the following approaches to measuring National Income?
  • Question 6
    1 / -0
    _____________ method is suitable for measuring National Income in the case of Developed Countries where all persons file their income-tax returns.
  • Question 7
    1 / -0
    Which of the following items are included in computing National Income under Product Method?
  • Question 8
    1 / -0
    Net Value Added is equal to _____________________.
  • Question 9
    1 / -0
    National income figures are __________.
    Solution
    National Income refers to the income of the whole economy including all the sectors at a given point of time. It only estimates the income of all the sectors and does not say the exact figure as it is impossible to tell the exact income figure of an economy. Therefore, national income is only the imputed figure of the income of the economy. 
  • Question 10
    1 / -0
    Net national product at factor cost (NNPFC) is also known as __________.
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