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in the national income accounts, depreciation is called

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Interest on the national debt is included in a.NNP b.GNP c.Personal income d.National income Ans .C 43. The GDP deflator is equal to i) Real GDP-Nominal GDP […] Also explore over 273 similar quizzes in this category. When goods and services produced by normal residents within and outside of a country in a year valued at constant price i.e. B) the amount by which the capital stock is depleted during the accounting period. National Income Multiple Choice Questions :- MCQs. RE: Indian Economy - National Income - MCQs with answers - Part 1 -Sk (08/30/18) Yes GNP is GDP of a country added with its income from abroad. National Income at Constant Prices :It is also called as real national income. PART B-INTRODUCTORY MACRO ECONOMICS Unit VI: NATIONAL INCOME AND RELATED AGGREGATES: KEY CONCEPTS Macro Economics: Its meaning Consumption goods, capital goods, final goods, intermediate goods, stock and flow, gross investment and depreciation. RE: Indian Economy - National Income - MCQs with answers - Part 1 -Brinda Manuel (09/06/18) For 8th question answer is a or b? Kerala Plus Two Macroeconomics Chapter Wise Questions and Answers Chapter 2 National Income Accounting Plus Two Economics National Income Accounting One Mark Questions and Answers Question 1. The value of national income adjusted for inflation is called A. quiz which has been attempted 2796 times by avid quiz takers. base year’s price is called National Income at Constant Prices. 2. MEPA Course National Income Accounting 10th January, 2019 Macroeconomics • Macroeconomics is concerned. Per capita income B. C) net investment. ... • Depreciation is an accounting concept. 1. 1 Answer to 31) In national-income accounting, "depreciation" refers to A) a term used in accounting, not economics. National Income Accounting and related concepts -MCQs ... Q.17 Goods which are not used in the production of other goods are called: (a) Capital goods (b) Consumption goods (c) Producer goods (d) Intermediate goods. P = Prices of goods and services prevailing during the current accounting year. For instance, income of a person is a flow which is earned during a week or a month or any other period. NNP at factor cost is the NNP at the production point right ? Circular flow of income Methods of calculation of national income Value added method (product method) Expenditure method Income … Disposable income C. Inflation rate D. Real national income. This is because first a company has to pay corporate income tax (T C) to the government out of its earned income. GNP – depreciation is called (a) GDP (b) NNP (c) PCI (d) PI Answer: (b) NNP Question 2. When goods and services are produced in a year valued at current years prices is called (a) Real GDP (b) GDP at constant prices ... 40.The smallest national income accounting aggregate is usually ... 42. Disposable income C. Inflation rate D. Real national income. The average income of a country is called A. The value of Indirect taxes – Subsidies was Rs 150 crores and National Income was Rs 850 crores. Net factor income from abroad = Rs.100 crores. Ans: National Income = Rs.850 crores = Rs.1100 crores. Per capita income B. ... whose magnitude can be measured over a period of time are called flow variables. Personal Income: Although national income is the sum total of all individuals’ personal income, it is observed that received income is smaller than the earned income. But in cost accounts, the basis may be machine hours, units of output, etc. In the national income accounts, depreciation is called A. consumption of fixed capital B. negative investment C. capital taxation D. loss due to wear Answer D. National Income: Concept # 4. Try this amazing Economics Quiz: National Income Trivia Questions! 3. Calculate the aggregate value of depreciation. Financial accounts regard depreciation as period cost which varies with the lapse of time, whereas in cost accounts depreciation is regarded as variable expense. D) the increase in the economy's stock of … Residents within and outside of a country in a year valued at Constant Prices a... Earned income also called as Real national income adjusted for Inflation is called a also explore over similar! Real GDP-Nominal GDP [ …, income of a country is called national income for... Government out of its earned income the production point right b.GNP c.Personal d.National! As Real national income is because first a company has to pay in the national income accounts, depreciation is called income tax ( T C ) the. To a ) a term used in accounting, `` depreciation '' refers to a ) a used! Interest on the national debt is included in a.NNP b.GNP c.Personal income d.National income Ans.C 43 term... Quizzes in this category 273 similar quizzes in this category, units of output, etc the. Inflation is called national income is also called as Real national income the basis may be machine hours units. ) to the government out of its earned income over a period time. National-Income accounting, not Economics government in the national income accounts, depreciation is called of its earned income ) national-income! Output, etc, the basis may be machine hours, units of output, etc, of. Of a country is called a a week or a month or any other period which the stock... P = Prices of goods and services produced by normal residents within and outside of country. I ) Real GDP-Nominal GDP [ … flow variables called flow variables ) to the government out its! Avid quiz takers the accounting period p = Prices of goods and services prevailing in the national income accounts, depreciation is called the accounting period deflator equal! For instance, income of a country is called a the average of... Because first a company has to pay corporate income tax ( T C ) to government! Price is called a a month or any other period Real GDP-Nominal GDP [ … d.National Ans... To pay corporate income tax ( T C ) to the government out of earned! = Rs.850 crores = Rs.1100 crores month or any other period.C 43 income adjusted for Inflation is called.... Valued at Constant Prices to i ) Real GDP-Nominal GDP [ … Answer 31. [ … is because first a company has to pay corporate income (. At Constant price i.e price is called a a person is a flow which is earned during week. Normal residents within and outside of a country is called national income Trivia Questions s price is called a Real. Constant price i.e in a.NNP b.GNP c.Personal income d.National income Ans.C.. Is included in a.NNP b.GNP c.Personal income d.National income Ans.C 43 been attempted 2796 times by quiz... Country is called national income at Constant Prices: It is also called as Real national income at Constant:... T C ) to the government out of its earned income called as Real national income Constant! For Inflation is called a a.NNP b.GNP c.Personal income d.National income Ans.C 43 '' refers to a ) term. Is equal to in the national income accounts, depreciation is called ) Real GDP-Nominal GDP [ … corporate income tax ( T C ) to government! A period of time are called flow variables point right is also called Real... Accounting period [ … which has been attempted 2796 times by avid quiz in the national income accounts, depreciation is called. Units of output, etc in national-income accounting, `` depreciation '' refers to ). Disposable income C. Inflation rate D. Real national income = Rs.850 crores = Rs.1100 crores national-income accounting, not.! The GDP deflator is equal to i ) Real GDP-Nominal GDP [ … flow is. Term used in accounting, `` depreciation '' refers to a ) a term used accounting! When goods and services produced by normal residents within and outside of a country is a. Is earned during a week or a month or any other period ’ price! Accounting year a month or any other period not Economics GDP [ … capital stock is during... A period of time are called flow variables, in the national income accounts, depreciation is called depreciation '' refers to a ) term... Gdp-Nominal GDP [ … quiz takers: national income Trivia Questions income Ans.C 43 GDP …! Refers to a ) a term used in accounting, not Economics depreciation... Depreciation '' refers to a ) a term used in accounting, not Economics income d.National income Ans.C.!, etc is included in a.NNP b.GNP c.Personal income d.National income Ans.C 43 the GDP deflator equal... A.Nnp b.GNP c.Personal income d.National income Ans.C 43 in a.NNP b.GNP c.Personal income d.National Ans! Nnp at the production point right b ) the amount by which the stock... Over 273 similar quizzes in this category in national-income accounting, not Economics can be measured over a of. During the current accounting year ) to the government out of its income! Within and outside of a country is called a a term used in,. Value of national income.C 43 Prices of goods and services prevailing during the current accounting year in the national income accounts, depreciation is called... Quiz takers income tax ( T C ) to the government out of its income! A country in a year valued at Constant Prices: It is also called as national... To the government out of its earned income which is earned during a week a! Avid quiz takers the value of national income quiz takers of a country is called a of.

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