Question : The subject of the study of macroeconomics is based on which principle?
Option 1: The principle of national income.
Option 2: The principle of consumer.
Option 3: The principle of producer.
Option 4: The principle of investment.
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Correct Answer: The principle of national income.
Solution : The correct answer is The principle of national income.
The study of macroeconomics is closely tied to the concept of national income. Macroeconomics is a branch of Economics that deals with the overall performance, structure, behaviour, and decision-making of an economy as a whole. National income represents the total value of goods and services produced within a country's borders over a specific period, usually a year.
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Question : In calculating National Income which of the following is included?
Option 1: Services of housewives
Option 2: Pensions
Option 3: Income of smugglers
Option 4: Income of watchmen
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 : Which among the following is an example of a micro-economic variable?
Option 1: National income
Option 2: Aggregate supply
Option 3: Employment
Option 4: Consumer's equilibrium
Question : The main effect of direct taxes is on:
Option 1: food prices
Option 2: consumer goods
Option 3: capital goods
Option 4: income
Question : The basis of determining dearness allowance to employees in India is
Option 1: national income
Option 2: consumer price index
Option 3: standard of living
Option 4: inflation rate
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