Question : Subsidies are ____________ income. Profit is _________ income.
Option 1: Factor, transfer.
Option 2: Transfer, factor.
Option 3: Transfer, transfer
Option 4: Factor, factor.
Correct Answer: Transfer, factor.
Solution :
Question : Any income arising from capital gains is not a part of_____________.
Option 1: Transfer income
Option 2: Factor income.
Option 3: Domestic income
Option 4: National income.
Question : ________________ is the difference between factor income received from rest of the world and factor paid to rest of the world.
Option 1: Net factor income from abroad
Option 2: Factor income from abroad
Option 3: Factor income to abroad
Option 4: All of the above.
Question : GNP at MP less ___________ gives us GDP at MP.
Option 1: depreciation
Option 2: indirect taxes
Option 3: Net Factor Income from Abroad
Option 4: subsidies
Question : NNP at FC= GNP at MP - Depreciation - ___________________.
Option 2: Net indirect taxes
Option 3: Indirect taxes
Option 4: Subsidies
Question : _________________ refers to the transfers made out of the current income of the payer and added to the current income of the recipient.
Option 1: Current transfers
Option 2: Current expenditure.
Option 3: Factor income
Option 4: Factor transfer.
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