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Which of the following is included in domestic income?


A) factor income from abroad
B) windfall gains
C) pension on retirement
D) capial gains

E) A) and D)
F) A) and C)

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GDP MP = Rs.1000 and subsidies = Rs.50, then GDP FC will be :


A) 1050
B) 950
C) 1000
D) 900

E) All of the above
F) A) and B)

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Which of the following is an example of an intermediate good?


A) car sold by a dealer of second hand cars
B) steel and cement used to construct a flyover
C) fertilizers purchased by a farmer
D) all of these

E) A) and D)
F) A) and C)

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Out of the following, which aggregate represents 'National Income'?


A) nnp mp
B) gnp fc
C) nnp fc
D) gnp mp

E) B) and D)
F) All of the above

Correct Answer

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In which type of economy, domestic income is equal to national income?


A) open economy
B) closed economy
C) both a and b
D) neither a nor b

E) A) and B)
F) B) and D)

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