Cluster · National Income and GDP Concepts

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Clusters / #1264
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National Income Accounting Methods Concepts
Questions
346
Questions in this cluster
345 total
Question Category Subtype Difficulty

Exports of mangoes by India is a part of _____________ method of measurement of its national income.

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Which of the following is NOT one of the methods of national income estimation?

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railways intermediate

Which of the following angles of the flow of factor payments forms the basis to estimate the national income?

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railways intermediate

What term describes the year whose prices are utilized to compute the real GDP?

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railways intermediate

What term is used to refer to the GDP value calculated at the current prevailing prices?

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railways intermediate

Which of the following is NOT included in inventory investment when calculating national income?

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railways intermediate

The term "consumption of fixed capital" is also referred to as ________________.

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railways intermediate

The primary purpose of using GDP is to:

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_____ accounts for the difference between the concept of market price and factor cost in national income measurement.

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ssc intermediate

A country has a GNP greater than GDP. Which of the following is a valid interpretation?

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ssc intermediate

Which method of national income accounting involves classifying production centres into primary, secondary and tertiary sectors?

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Match the concepts in column A with their respective descriptions in column B.

Column A Column B
a. Gross national product 

1. Annual income received by the individual's production in a given period

b. Net national product  2. After the tax of personal income
c. Personal income 3. Money value of the national output
d. Disposable personal income 4. Net production of goods and services during the year

 

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If we deduct depreciation from GNP the measure of aggregate income that we obtain is called ______.

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The ratio between the nominal and real GDP is called ____.

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What is the formula of GDP at market price?

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GDP shows ___ side of the economy.

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______ is the total value of goods and services produced in a country and is measured over a specific time frame.

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Which of the following income will not be included in national income calculation?

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What are some of the various methods of measuring National Income?

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Which of the following options represents the total income earned by individuals from all the sources before the deduction of personal income taxes?

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GDP deflator =_______________

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The ratio between the nominal and real GDP is called ____.

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Which of the following is NOT a feature of National Income?

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What term is used to refer to the GDP value calculated at the current prevailing prices?

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ssc intermediate

What term describes the year whose prices are utilized to compute the real GDP?

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ssc intermediate

What are some of the various methods of measuring National Income?

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What is the correct formula of GDP at Factor cost?

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In _______________ method of calculating national Income, we calculate the aggregate annual value of goods and services produced (if a year is the unit of time).

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What is the third method, in addition to the income method and expenditure method, used to calculate the aggregate value of goods and services produced in an economy?

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__________ is the final value of all the finished goods and services produced within a country's borders in a specific time period.

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Which of the following aggregates best describes the National Income?

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Which of the following income will not be included in national income calculation?

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Which of the following best defines Net National Income?

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Net Investment plus Depreciation gives an estimate of which of the following?

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What term is used to refer to the GDP value calculated at the current prevailing prices?

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The term used to describe the year whose prices are utilized in computing real GDP is ________.

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GDP deflator =_______________

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Which of the following statement/statements is/are true?

A) Higher inflation means lower real GDP, ceteris paribus.

B) Price Index is 200 if nominal GDP and real GDP are the same.

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What is the correct formula of GDP at Factor cost?

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The ratio between the nominal and real GDP is called ____.

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Which of the following options represents the total income earned by individuals from all the sources before the deduction of personal income taxes?

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Gross National Product is also measured as _____.

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Which of the following is NOT one of the methods of national income estimation?

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Which of the following options represents the total income earned by individuals from all the sources before the deduction of personal income taxes?

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What term is used to refer to the GDP value calculated at the current prevailing prices?

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