Question : The consumption of fixed capital is also known as_______.
Option 1: depreciation
Option 2: net investment
Option 3: appreciation
Option 4: gross investment
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Correct Answer: depreciation
Solution : The correct option is depreciation.
The consumption of fixed capital is also known as depreciation or capital depreciation. It refers to the reduction in the value of fixed assets or capital goods over time due to wear and tear, obsolescence, or other factors. Fixed capital, which includes physical assets like machinery, equipment, buildings, and vehicles, loses value as it gets older and is used in operations.
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Question : Net Investment plus Depreciation gives an estimate of which of the following?
Option 1: Gross Domestic Product
Option 2: Personal income
Option 3: Gross investment
Option 4: Private investment
Question : What is the Net National Product?
Option 1: The product of gross national product and depreciation is net national product.
Option 2: The sum of gross national product and income of foreigners is net national product.
Option 3: Net National product is equal to gross national product.
Option 4: The difference between gross national product and depreciation is net national product.
Question : The gross primary deficit can be expressed as ______.
Option 1: Gross fiscal deficit – Net interest liabilities
Option 2: Capital expenditure – Revenue deficit
Option 3: Gross fiscal deficit + Net interest liabilities
Option 4: Revenue deficit + Capital expenditure
Question : The productivity of an ecosystem is composed of which of the following?
Option 1: Gross productivity and primary productivity
Option 2: Primary and secondary productivity
Option 3: Net productivity and consumption
Option 4: Net primary productivity and gross primary productivity
Question : Gross National Product - Depreciation Allowance = ?
Option 1: Per capita Income
Option 2: Gross Domestic Product
Option 3: Pesonal Income
Option 4: Net National Product
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