Economics National Income Test 4 Online Mcqs Preparation National Income Test 4 Online Mcqs Preparation 1. GNP is:A. The market value of all goods and series produced in an economyB. Total sales in the economy C. Total monetary transactions in an economyD. Total spending in an economy Loading... 2. Net Investment is:A. Gross Investment minus household Investment B. Gross Investment minus govt. InvestmentC. None of the aboveD. Gross Investment minus capital consumption allowance Loading... 3. It is deducted from GNP to find NNP:A. Direct taxesB. Depreciation allowanceC. SubsidiesD. Savings Loading... 4. PI is equivalent to:A. DPI plus unearned receiptsB. DPI minus personal taxes C. NI plus unearned receipts minus earnings not received (taxes)D. DPI minus income earned but not received Loading... 5. In terms of national income accounts, multiple counting refers to:A. Counting both goods and servicesB. Counting currently produced goods more than onceC. The addition to GNP of multiple units of a goodD. The inclusion in GNP of gross spending and taxes Loading... 6. To avoid double counting when GDP is estimated, economist:A. Use retail pricesB. Use GDP defoliatorC. Calculate value added at each stage of productionD. Use price only intermediate goods Loading... 7. GNP includes:A. All loan from one's parentsB. A broker's commissionC. Gifts and donationsD. A loan from a bank Loading... 8. Undistributed profits are considered:A. Income received but not earnedB. Income earned but not received C. Income earned and receivedD. None of the above Loading... 9. Market value of all final goods and services produced in a country during a year is definition of:A. ConsumptB. GNPC. NI D. NNP Loading... 10. A TV set purchased from a retail store is an example of:A. Surplus goodsB. Capital goodsC. Intermediate goodD. Final goods Loading... Loading... Related PostsNational Income Test 7 Online Mcqs PreparationNational Income Test 1 Online Mcqs PreparationNational Income Test 3 Online Mcqs PreparationNational Income Test 2 Online Mcqs PreparationNational Income Test 5 Online Mcqs PreparationNational Income Test 6 Online Mcqs Preparation Continue Reading Previous National Income Test 3 Online Mcqs PreparationNext National Income Test 5 Online Mcqs Preparation Leave a Reply Cancel replyYour email address will not be published. Required fields are marked *Comment * Name * Email * Website Δ