Question : The value added of a firm is calculated as___________.

Option 1: value of production of the firm - value of intermediate goods used by the firm.

Option 2: value of production of the firm + value of capital goods used by the firm.

Option 3: value of production of the firm / value of intermediate goods used by the firm.

Option 4: value of production of the firm + value of intermediate goods used by the firm.

Question : Which of the following is not a component of investment?

Option 1: In addition to residential construction

Option 2: Money spent on purchasing shares of a company

Option 3: Machinery and equipment employed by a firm

Option 4: Inventories of raw materials stocked by a firm

Question : Goods which are meant either for consumption or for investment are called

Option 1: final goods

Option 2: giffen goods

Option 3: inferior goods

Option 4: intermediate goods

Question : The initial value of a car is Rs. 20000. The value of a car depreciates by 20 percent of its initial value each year. What will be its value after 3 years?

Option 1: Rs. 9840

Option 2: Rs. 10240

Option 3: Rs. 10560

Option 4: Rs. 11980

Question : Which of the following is an incorrect statement concerning public goods?

Option 1: Usually, public goods are provided by the government.

Option 2: Consumption of public goods by people is rivalrous in nature.

Option 3: It is not easy to collect fees for public goods from every individual.

Option 4: Public goods are non-excludable in nature.