(A) Final manufactured goods and services
(B) Intermediate goods
(C) Goods and services exported
(D) Sub-standard goods and discarded services
Category: Economics Mcqs
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Which of these is an example of a transfer payment?
(A) Profit
(B) Retirement pension
(C) Rent
(D) Transportation and freight charges
Which of the following equation is correct?
(A) GNP=GDP+Net factor income from abroad
(B) GNP=GDP+Gross factor income from abroad
(C) GNP=GDP-Net factor income from abroad
(D) GNP=GDP-Gross factor income from abroad
Which of the following equation is correct?
(A) NDP=GDP- Depreciation
(B) NDP=GDP+ Depreciation
(C) NDP=GDP- Depreciation-subsidy;
(D) NDP=GDP- Depreciation+subsidy
Choose the correct statement?
(A) GPD at fc = GPD mp-IT +S
(B) GPD at fc = GDP mp-IT –S
(C) GDP at fc = GDP mp+IT+S
(D) GDP at fc = GDP mp+IT-S
Which of these is/ are included in the domestic territory of a country?
(A) Territory lying within the political frontier including territorial water of the country.
(B) Ships and aircrafts operated by the residents of the country between two or more countries.
(C) Fishing vessels, oil and natural gas rigs and floating platforms.
(D) All the three
GDP is defined as?
(A) The market value of all goods and services produced in the domestic economy during the year
(B) Current value of all the capital goods produced in the country.
(C) Sum of goods and services exported during the year.
(D) All the capital goods and consumable goods produced and sold during the year
In a closed economy?
(A) GDP=GNP
(B) GDP>GNP
(C) GDP
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