11th Principles of Economics MCQS
Equilibrium level of national income means that point where
Consumption = saving
Consumption = investment
Income = saving + investment
Saving = Investment
After subtracting depreciation allowance from gross national product is known
Personal income
Gross domestic product
National income
Net national product
Transfer payments are included in the income
Gross domestic product
National income
Personal income
Disposable personal income
Main elements of circular flow of national income are
People or house holds
House holds and firms
Firms
Industrial lists
Which is not counted in national income
transfer payments
Interests
Profits
Rents
#NAME?
Direct taxes
Indirect taxes
Depreciation allowance
Subsidies
According to Pigou national income is that part of material wealth
Which have volume and surrounds
Which can be stored easily
Which can be measured by the scale of money
Which is exported
Which one of the following is not included in the methods of measuring national income
Method of total of incomes
Method of total of domestic necessities and desires
Method of total expenditures
Method of total according to market prices
The income which a person can use according to his will is called
Per capita income
Net income
Personal income
Disposable personal income
Disposable personal income is equal to
Personal income + direct and indirect taxes
Personal income + direct taxes
Personal income + indirect taxes
Personal income – direct taxes
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