Economics National Income Test 7 Online Mcqs Preparation 0 National Income Test 7 Online Mcqs Preparation 1. The four factor payments are:A. Wages, interest, salaries and incomeB. Money, power, prices and wealthC. Wages, rent, interest and profitsD. Money, capital, salaries, and income Loading... 2. Which of the following is counted in GDP:A. The leisure enjoyed by peopleB. Purchase of shares of PSO (company)C. Sale of used car D. A TV set produced this year but not sold Loading... 3. An open economy:A. Is one without taxesB. Means world economyC. Is that interacts with other economiesD. Must be a democracy Loading... 4. A closed economy is best described as one in which:A. No corporationsB. No international tradeC. No externalizesD. There are no monopolies Loading... 5. GNP is always:A. Equal to NNPB. Less than NNP C. Greater than NNPD. Greater in many years but less in others Loading... 6. Which of the following is not macroeconomics:A. Level of wages in garment industryB. UnemploymentC. InflationD. The level of output in the economy Loading... 7. The largest type of income in the Pakistan is:A. Corporate profitsB. Compensation of employeesC. Proprietors incomeD. Rental income Loading... 8. Which of the following is transfer payment:A. Payment for a leased carB. Payment of college tuition fee C. Payment of interest D. Payment for social security Loading... 9. Macroeconomics is concerned with:A. How to produce goodsB. How to but stocks and bondsC. Aggregate economic activityD. Spending decisions of households Loading... 10. In economics, one or more persons living in a joint family are called a:A. Business firm B. HouseholdC. Social gatheringD. Super family Loading... Loading... Related PostsNational Income Test 1 Online Mcqs PreparationNational Income Test 2 Online Mcqs PreparationNational Income Test 3 Online Mcqs PreparationNational Income Test 4 Online Mcqs PreparationNational Income Test 5 Online Mcqs PreparationNational Income Test 6 Online Mcqs PreparationNational Income Accounting Test 1 Mcqs Preparation OnlineNational Income Accounting Test 2 Mcqs Preparation OnlineNational Income Accounting Test 3 Mcqs Preparation OnlineNational Income Accounting Test 4 Mcqs Preparation Online Continue Reading Previous National Income Test 6 Online Mcqs PreparationNext Money Banking and International Trade Test 1 Mcqs Preparation Online More Stories Economics Economics Quiz 04 Preparation Online 0 Economics Economics Quiz 03 Preparation Online 0 Economics Economics Quiz 02 Preparation Online 0 Leave a Reply Cancel replyYour email address will not be published. Required fields are marked *Comment * Name * Email * Website Δ
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