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Economics Test ...

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  • Question 1
    5 / -1

    The main difference between GDP and GNP is

  • Question 2
    5 / -1

    Which of the following is NOT a main goal of Macroeconomics? 

  • Question 3
    5 / -1

    According to straight line method of providing depreciation, the depreciation

  • Question 4
    5 / -1

    Consider the following equation with reference to National Income:

    National Income( Market Cost) - National Income (Factor Cost) = __________

  • Question 5
    5 / -1

    In context of the income approach used to calculate national income, what is interest?

  • Question 6
    5 / -1

    An increase in national income because of an increase in prices only is called an

  • Question 7
    5 / -1

    Which of the following is also called as National Income? 

  • Question 8
    5 / -1

    Gross Domestic Product (GDP) is often calculated based on the “value-added method". What do you understand by the term “value added”?

  • Question 9
    5 / -1

    The General Theory of Employment, Interest and Money is the work of 

  • Question 10
    5 / -1

    Which of the following is correct regarding the Product method of National Income Accounting of a country?

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