Question : Which of the following are the precautions of value added method?

Option 1: Intermediate goods or not to be included in the national income.

Option 2: Change the stock of goods will be included.

Option 3: Imputed value of owners occupied houses should be included.

Option 4: All of the above.

Question : Which of the following are the precautions of calculating national income through expenditure method?
 

Option 1: Expenditure on intermediate goods will not be included.
 

Option 2: Transfer payments are not included.

Option 3: Purchase of secondhand goods will not be included

Option 4: All of the above.

Question : Which of the following precautions are taken while calculating national income from income method?

Option 1: Transfers income are not included in the national income.

Option 2: Income from sale of secondhand goods will not be included.

Option 3: Income from sale of shares, bonds and debentures will not be included.

Option 4: All of the above.

Question : Which of the following is included in the gross domestic product (GDP) calculation?

Option 1: The value of intermediate goods

Option 2: The value of final goods and services

Option 3: The value of second-hand goods

Option 4: The value of capital gains

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.