Consider the following statements and identify the right ones. i. While calculating GNP, income generated by foreigners in a country is taken into consideration ii. While calculating GNP, income generated by nationals of a country outside the country is taken into account

Related MCQs

• Consider the following statements and identify the right ones. i. National income is the monetary value of all final goods and services produced. ii. Depreciation is deducted from gross value to get the net value
• Piyush’s mother is a teacher. She also teaches Piyush. How would you treat this white calculating national income and domestic income?
• In GNP calculation which of the following should be excluded?
• If we compare GDP and GNP, then:
• Product method of calculating national income is also known as:
• When depreciation is deducted from GNP, the net value is
• Consider the following statements: 1. In a Capitalist economy there is private ownership of means of production 2. In a communist nation, the means of production are owned by the State 3. In a free-market economy there is minimum role of the Government Which of the above 3 statement is/are true?
• Which Ministry is responsible for calculating GDP in India?
• Which Ministry is responsible for calculating GDP in India?
• The average income of a country is called