Question : The amount the Indian government spends on education_______.
Option 1: is a proportion of the gross domestic product that is expressed (GDP).
Option 2: is a percentage of all government spending that is expressed.
Option 3: A and B are both true
Option 4: Both are false
Correct Answer: A and B are both true
Solution : The amount spent on education is expressed as a percentage of overall government spending. It is expressed as a percentage of the total amount of money spent on the country's educational advancement. The gross domestic product (GDP), often known as the total yearly expenditure on goods and services or government spending, is a monetary indicator of the market value of products and services generated in a nation over a given year. Hence option c is the correct answer.
Question : If exports equal imports, then which of the following relations will be true?
Option 1: Gross Domestic Product (GDP) = Gross National Product (GNP)
Option 2: Gross Domestic Product (GDP) > Gross National Product (GNP)
Option 3: Gross Domestic Product (GDP) < Gross National Product (GNP)
Option 4: None of these
Question : Net National Product of a country is:
Option 1: Gross Domestic Product (GDP) minus depreciation allowances
Option 2: Gross Domestic Product (GDP) plus net income from abroad
Option 3: Gross National Product (GNP) minus net income from abroad
Option 4: Gross National Product (GNP) minus depreciation allowances
Question : Net domestic product is calculated as_______.
Option 1: Gross Domestic Product (GDP) - Depreciation
Option 2: Gross National Product (GNP) - Depreciation
Option 3: Gross Domestic Product (GDP) - Net income earned from abroad
Option 4: Gross National Product (GNP) - Net income earned from abroad
Question : Which of the following is not a measure of national income?
Option 1: Gross Domestic Product (GDP)
Option 2: Gross National Product (GNP)
Option 3: Net National Product (NNP)
Option 4: Net Domestic Product (NDP)
Question : Which of the following is a measure of national income that takes into account the depreciation of capital?
Option 1: Gross National Product (GNP)
Option 2: Net National Product (NNP)
Option 3: Gross Domestic Product (GDP)
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