If a farmer sells Wheat to miller for RS.500 and miller sells flour to baker for Rs.700 and baker sells bread to consumer for Rs.1000, then total value added by Miller and baker is:
A) 500
B) 300
C) 1700
D) 1200
Correct Answer:
Verified
Q13: GNP exceeds NNP by:
A)amount of total taxes
B)government
Q14: GDP MP = Rs.1000 and subsidies =
Q15: "Income method" is also known as:
A)distributive share
Q16: Which one is included in National Income?
A)winning
Q17: 'Distributed Profits' is also known as:
A)corporate tax
B)dividend
C)retained
Q19: Which of the following is included in
Q20: Expenditure method focuses on measurement of National
Q21: Which of the following is not an
Q22: National product at current prices is higher
Q23: Net Factor Income from Abroad is taken
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