Question : Which of the following is included in national income based on the income method?

Option 1: Personal savings

Option 2: Corporate profits

Option 3: Government transfers

Option 4: Imports

Question : Higher the disposable income, higher is ___________ expenditure.
 

Option 1: Consumption expenditure.
 

Option 2: Government expenditure.
 

Option 3: Investment expenditure.
 

Option 4: Net exports
 

Question : Which of the following is included in national income based on the expenditure method?

Option 1:  

Social Security benefits

Option 2: Capital investments by businesses

Option 3: Foreign aid received by the country

Option 4: Personal income taxes

Question : _____________________ is the expenditure incurred by the central government on various administrative services.

Option 1: Private final consumption expenditure.
 

Option 2: Government final consumption expenditure.
 

Option 3: Gross domestic capital formation.
 

Option 4: Net exports

Question : In an open economy, aggregate demand is estimated as:

Option 1: Private consumption expenditure
 

Option 2: Private consumption expenditure + Government expenditure
  

Option 3: Private investment expenditure + Private consumption expenditure + Government expenditure

Option 4: Private consumption expenditure + Private investment expenditure + Government expenditure + Net exports