Question : The money value of national product is known as _____________. 

Option 1: Domestic income

Option 2: National income

Option 3: Factor income

Option 4: None of the above.

Question : The sum total of all the factor income and within the domestic territory of a country is known as ___________________.

Option 1: National income

Option 2: Current income

Option 3: Domestic income.

Option 4: None of the above.

Question : In macroeconomics, national income is also known as:

Option 1: Gross Domestic Product (GDP)
  

Option 2: Gross National Product (GNP)
 

Option 3: Net Domestic Product (NDP)

Option 4: Net National Product (NNP)

Question : NFIA is negative, when ______________________________. 

Option 1: Domestic income exceeds national income.

Option 2: Domestic income is less then national income.

Option 3: Domestic income is equal to national income.

Option 4: None of the above.

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