This statement is true
A) ni = rent + interest + wages + profit
B) ni = rent + interest + wages + taxes
C) ni = govt. expenditure + interest + wages + profit
D) ni = rent + interest + wages + pensions
Correct Answer:
Verified
Q12: Which is a flow concept:
A)number of my
Q13: To avoid double counting when GDP is
Q14: Personal income includes:
A)direct taxes
B)indirect taxes
C)depreciation
D)none of these
Q15: Personal income includes:
A)transfer payments
B)indirect taxes
C)depreciation
D)all of the
Q16: If savings exceed investment then:
A)national income rises
B)national
Q18: Which Ministry is responsible for calculating GDP
Q19: How much does the primary sector contribute
Q20: Which sector contributes the most to India's
Q21: If the contribution of the agricultural sector
Q22: Which is not added in the calculation
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