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.
Correct Answer: National income
Solution :
Question : The money value of domestic product is known as ____________.
Option 4: None of these.
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.
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.
Question : Factor income is a part of _______________.
Option 3: Both A and B
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)
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