11th Principles of Economics MCQS
Equilibrium of national income is, when
S = 1
S < 1
S and 1
S > 1
national income is found by
Adding subsidies in net national product
Subtracting indirect taxes and adding subsidies in net national product
Subtracting depreciation allowance from gross national product
Subtracting indirect taxes from net national product
Transfer payments are included in
Disposable personal income
Personal income
National income
Gross domestic income
Net foreign income is
Exports – imports
Income received by exports
Exports + imports
Income received by imports
National income increases by
The increase in the quantity of capital goods
The increase in the quantity of goods and services
The increase in the income of entrepreneurs
The increase in price of goods
To measure national income is used
All the three
Incomes of the factor method
Product method
Expenditure method
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