11th Principles of Economics MCQS
#NAME?
Depreciation allowance
Private investment
Income received from foreign country
Govt. investment
One is not included in measuring National income
Agricultural production
services of house lady
Industrial production
Wage of labour
According to professor Ackley Gardener, amounts are included in national income
Profits
Wages
Rents and interests
All the three
Because of increase in national income
Standard of living falls
No change occurs
None of three
Standard of living rises
Expenditures of repair of machines are called
Depreciation allowance
Productive expenditures
Rewards
Unproductive expenditures
Adam smith
Marshall
Pigou
Fisher
Transfer payment means that income
Which is received without labour, e.g. Zakat, gift , pension etc
Which can move from one place to order place i.g. money etc.
Which is received after hardwork
Which is received by exports
National income is that part of material wealth of a nation which can be measured by the scale of money This definition of national income is stated by the economist
Clark
Adam smith
Pigou
Marshall
National income is total of
Incomes of all entrepreneurs of the country
Incomes of all salaried persons of the country
Incomes of all industrialists of the country
Incomes of all the people of the country
Individuals of a country produce a certain quantity of goods and services using the resources of the country with the help of their capital, it is called national income this definition is presented by
Professor Marshall
Professor Paul A Samuelson
Professor Fisher
Professor Pigou
Continue Reading Go to Next Page
Google Ads