Question : When calculating national income, which of the following is considered part of the domestic territory?

Option 1: Foreign embassies within the country

Option 2: International airports located in the country

Option 3: Offshore oil rigs owned by domestic companies

Option 4: Foreign military bases within the country

Question : ____________________ is the money value of final goods and services produced by normal resident of a country in an year, measured at the prices of current year.
 

Option 1: National income at current price
 

Option 2: National income at constant price
 

Option 3: Real national income
 

Option 4: All of the above
 

Question : The total value of goods and services produced in a country during a given period is

Option 1: disposable income

Option 2: national income

Option 3: per capita income

Option 4: net national income

Question : Which of the following represents the income earned by foreign factors of production located within a country?

Option 1: Gross National Product (GNP)

Option 2: Net Domestic Product (NDP)

Option 3: Net National Product (NNP)

Option 4: Personal income

Question : Net National Product of a country is:

Option 1: Gross Domestic Product (GDP) minus depreciation allowances

Option 2: Gross Domestic Product (GDP) plus net income from abroad

Option 3: Gross National Product (GNP) minus net income from abroad

Option 4: Gross National Product (GNP) minus depreciation allowances