41 Where does the largest part of national income go?
Consumption
42 What does transfer payment means?
The payment without work
43 In disposable income direct tax are
Not included
44 Is it true that National Income = National Expenditure?
Yes
45 Is it true that NI = NNP – Indirect taxes?
True
46 What is deducted from GNP to get NNP
Depreciation
47 To get GNP what should be added to GDP?
Net income from abroad
48 What is the position of National Income in equilibrium?
S = I
49 What happens if saving exceeds investment?
National income falls
50 Consumer goods are those which are
Directly used by the people
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