Consider the following statement: The study of national income accounts is of great importance because it
reveals the changes in the size and composition of the national product.
provides us with information about the distribution of national income in the society among various groups
reveals the manner in which national expenditure is divided between consumption and investment.
Of these statements
1 and 2 are correct
2 and 3 are correct
1 and 3 are correct
1, 2 and 3 are correct
Consider the following type of income:
The correct sequence in descending order of their magnitude is
4, 2, 1, 3
4, 2, 3, 1
2, 4, 3, 1
2, 4, 1, 3
Disposable personal income is
the sum of wages, salaries, commissions, bonuses and other forms of employees earnings before deduction of any taxes or social security contributions, net income from royalties and rentals, interest income and profits of a corporation, partnership or proprietorship
disposable income plus personal taxes; or current personal income receipts after deducting social security contributions but before deduction of personal taxes.
a concept of receipts rather than a concept of earning and is computed after taxes and social security contributions. One must add receipts that are not payments for current productive purposes and one must deduct all earning not currently received and all taxes and social security contribution.
the concept of individual's incomes as the money value of his earnings from productive services currently rendered by him or by his property after deduction of personal taxes a ns social security contributions.
Given the total investment expenditure, an increase the propensity to save will lead to
fall n the quantity of income
fall in income rise in interest rate
rise in income
rise in income
The national income of a country for a given period is equal to the
total value of goods and services produced by the nationals
sum of total consumption and investment expenditure
sum of personal income of all individuals
money value of final goods and services produced
Gross national Savings measure the
amount of GNP not consumed
excess of income over consumption plus the net taxes
sum of retained earnings and depreciation amounts
excess of disposable income over consumption.
Social accounting system in India is classified into which one of the following sets of sectors?
Enterprise, households and government
Assets, liabilities and debt position
Public sector, private sector and joint sector
Income, product and expenditure
Match List I will List II and select the correct answer.
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According to permanent income hypothesis, the (APC) equals the
long-run aggregate Marginal Propensity to Consume (MPC)
long-run aggregate APC is greater than the long-run aggregate MPC
long-run aggregate APC is less than the long-run aggregate MPC
APC of every individual is equal irrespective of different levels of income of families
If there is an expectation of a rise in the price level, investment will be encouraged because:
there will be an increased production of capital goods
thee will be a rise in the prospective return from capital
the people will save more and interest rate will all
the cost of production of capital goods will fall
In the given diagram, speculative demand for money curve l (r) has four regions R1, R2, R3 and R4. Liquidity trap is indicated by the region (s).
R1 and R4
R3 and R4.
according to Keynes, marginal propensity to consumer
can never exceed unity
may exceed unity when disserving occurs
an never exceed the average propensity to consumer
is the reciprocal of the marginal propensity to save.
Supermiltiplier refers to
interaction of the Multiplier and the Accelerator
reciprocal of the marginal propensity to consumes
capital output ratio
In the liquidity preference theory of interest of Keynes money acts as a link between the present and the future in the case of
transaction demand for money
precautionary demand for money
business demand for money
speculative demand for money
Consider the following statements: Economic Development's is a
Of these statements.
2 alone is correct
1 and 3 are correct
3 alone is correct
land 2 are correct
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