Ch 20 Methods of measuring national income | Quizalize

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Ch 20 Methods of measuring national income

Quiz by Chetna Thakkar

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Q 1/20
Score 0
Which of the following is NOT a method of measuring national income?
30
b) Expenditure Method
a) Income Method
d) Wealth Method
c) Output Method
Q 2/20
Score 0
The Income Method of measuring national income includes which of the following components?
30
c) Output of Goods and Services
b) Consumption, Investment, Government Spending, and Net Exports
d) Gross Domestic Product, Gross National Product, and Net National Product
a) Wages, Rent, Interest, and Profits

20 questions

Q.

Which of the following is NOT a method of measuring national income?

1

30 sec

Q.

The Income Method of measuring national income includes which of the following components?

2

30 sec

Q.

Which of the following methods is also known as the Value Added Method?

3

30 sec

Q.

The Expenditure Method calculates national income by summing up:

4

30 sec

Q.

In the Income Method, which of the following is considered a factor income?

5

30 sec

Q.

Which of the following is NOT included in the Expenditure Method of calculating national income?

6

30 sec

Q.

Gross Domestic Product (GDP) at market prices can be measured using which of the following methods?

7

30 sec

Q.

The term ‘Value Added’ refers to:

8

30 sec

Q.

Which component is added to GDP to calculate Gross National Product (GNP)?

9

30 sec

Q.

Which method of measuring national income can be used to directly measure the production of goods and services in an economy?

10

30 sec

Q.

Net National Product (NNP) is calculated by:

11

30 sec

Q.

Which of the following is an example of a final good?

12

30 sec

Q.

Which of the following is an example of an intermediate good?

13

30 sec

Q.

What does the term ‘Consumption Expenditure’ refer to in the Expenditure Method?

14

30 sec

Q.

Which of the following is NOT a component of the Expenditure Method?

15

30 sec

Q.

In the Income Method, what does ‘Rent’ represent?

16

30 sec

Q.

Which of the following is considered an indirect tax?

17

30 sec

Q.

Which component is used to adjust GDP to get GDP at factor cost?

18

30 sec

Q.

What is the purpose of calculating national income?

19

30 sec

Q.

What is the significance of ‘Net Factor Income from Abroad’?

20

30 sec

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