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National Income...

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  • Question 1
    1 / -0

    Which of the following is not a component of domestic income?

  • Question 2
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    In a circular flow, household sector is responsible for ________.

  • Question 3
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    Economic order quantity is that quantity at which cost of holding and carrying inventory is ________________.

  • Question 4
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    The method used to calculate the income by adding all the expenditures on the purchase of final goods and services produced during an accounting year is __________.

  • Question 5
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    National Income of a country can be calculated by ________.

  • Question 6
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    If four groups of people in a country have individual incomes  of Rs 4000, Rs 5000, Rs 6000 and Rs 7000. What would be the average national income?

  • Question 7
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    If the national income is measured as an aggregate value of all final goods and services produced by all the firms it is called _______.

  • Question 8
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    Income disposal method is also called as _________.

  • Question 9
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    Suppose that a firm had an unsold stock worth of Rs 100 at the beginning of a year. During the year it had produced Rs 1,000 worth of goods and managed to sell Rs 800 worth of goods. Calculate inventory for the year ___________.

  • Question 10
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    Which of the following are the methods of calculating national income?

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