Question : Which of the following is not a method of measuring national income?

Option 1: Intermediate goods method

Option 2: Expenditure method

Option 3: Income method

Option 4: Product method

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 : Which of the following is a feature of public goods?

Option 1: These goods are more competitive.

Option 2: These goods are limited in supply.

Option 3: Consumption of one person does not affect the consumption of another person.

Option 4: Only tax payers can get the benefit of public goods.

Question : An individual's actual standard of living can be assessed by      

Option 1: Gross National Income

Option 2: Net National Income

Option 3: Per Capita Income

Option 4: Disposable Personal Income

Question : ____________ measures the aggregate production of final goods and services taking place within the domestic economy during a year.

Option 1: Gross national income

Option 2: Gross domestic product

Option 3: Net national product

Option 4: National income at factor price