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: An Indian farmer produces wheat without incurring
Q20: How much does the primary sector contribute
Q21: Which sector contributes the most to India's
Q22: If the contribution of the agricultural sector
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