Economics MCQs For Lectureship CSS PMS And NTS Part IV

Economics MCQs For Lectureship CSS PMS And NTS Part IV. Economics MCQs For Lectureship CSS PMS And NTS Part IV.

Economics MCQs For Lectureship CSS PMS And NTS Part IV

1 What is NI = NE?

An Identity

2 What is Per capita income?

Income per head

3 What we get when indirect taxes are deducted from NNP and subsidies are added?

National Income

4 Why transfer payments are not included in national income?

Double counting would result

5 How to determine the correct level of GDP?

Add up the values of goods and services during one year

6 When real national income increases?

Quantity of goods and services increases

7 Construction of house is

An investment

8 Unemployment allowances paid by government is considered as transfer of payments

Transfer of payments

9 GDP is always greater than what?

NNP

10 What are the four factor payments?

Wages, rent, interest and profits