National income is a:

Related MCQs

• A negative income elasticity of demand for a commodity indicates that as income falls, the amount of the commodity purchased:
• Who among the following pioneered the first real estimate of national income?
• Who argued that national income is simply equal to “net product of agriculture”?
• Who made the first major attempt to estimate national income in a somewhat comprehensive manner?
• Which one of the following is roughly equal to national income?
• Remittances made by NRIs to India in the context of national income accounting is called as
• Three methods of computing the national income are:
• If in an economy, out of every additional Rs.100 of national income, Rs.20 is taxed, Rs.20 is saved, and Rs.10 is spent on imports, then the value of multiplier is:
• When individuals income falls (everything remain the same) his demand for an inferior good
• If negative income effect is greater than positive substitution effect : the product will be