National Income

Question 1

Aggragate of the factor incomes earned by normal residents of a country in an accompanying a year is named as ?

Answer 1

National income

Question 2

sumtotal of all final goods and services produced within its domestic boundary ofa country is called as

Answer 2

National income

Question 3

National Income (NI) is measured in terms of __

Answer 3

GDP

Question 4

GDP means

Answer 4

Gross domestic Product

Question 5

Variant of GDP

Answer 5

NDP (Net Domestic Product)
NNP (Net National Product)
GNP (Gross National Product)

Question 6

GDP is sum of total __ of all the firms of economy

Answer 6

Gross Value Added (GVA)

Question 7

NI aggregates are either based on __ or on the baiss of __

Answer 7

FC (Factor Cost),
Market Price (MP)

Question 8

GDP growth rate indicates

Answer 8

Performanece of a country

Question 9

GDP per capita indicates

Answer 9

economic development in comparison woth other countries

Question 10

In British period, who first attempted for estimating NI?

Answer 10

Dadabhai Naoroji (1868)