Consider the following statements and identify the right ones.
i. While calculating GNP, income generated by foreigners in a country is taken into consideration
ii. While calculating GNP, income generated by nationals of a country outside the country is taken into account
A) I only
B) ii only
C) both
D) none
Correct Answer:
Verified
Q10: _economics can study the problem of Inflation
Q11: The credit of development of macroeconomic approach
Q12: Macroeconomics does not study _.
A)whole economy
B)national income
C)aggregate
Q13: _ is the subject matter of Macroeconomics.
A)Growth
Q14: Micro and Macro approaches are _.
A)Competitive
B)Alternative
C)Substitutes
D)Complementary
Q15: What do you mean by a mixed
Q16: "Capitalism" refers to?
A)The use of market
B)Government ownership
Q17: The average income of a country is
Q18: The value of NNP at production point
Q19: The value of NNP at consumer point
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