Select the correct statement:
A) Transfer payment are included in national income
B) Depreciation allowance is a part of GNP
C) Taxes are not included in NNP
D) GDP means Gross Direct Production
Correct Answer:
Verified
Q5: Which Ministry is responsible for calculating GDP
Q6: Which statement is true?
A)National Expenditure = National
Q7: Which statement is true?
A)National Income = National
Q8: There are methods of measuring national income:
A)5
B)2
C)1
D)3
Q9: If we compare GDP and GNP, then:
A)GNP
Q11: Which is the largest figure:
A)NNP
B)GNP
C)PI (Disposable Personal
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
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