National Income Accounting - Class XII Economics Quiz
Ready to take the quiz?
Test takers will enter name and email before starting.
Preview questions
1. What does GDP at market prices include?
Only final goods · Intermediate goods · Net exports · Depreciation
2. Which of the following is NOT included in the calculation of GDP?
Government spending · Household consumption · Transfer payments · Investment by firms
3. What is the formula for calculating Gross National Product (GNP)?
GDP + Net Factor Income from Abroad · GDP - Depreciation · GDP + Depreciation · GDP - Net Factor Income from Abroad
4. Which method of calculating national income focuses on the total income earned by factors of production?
Production method · Income method · Expenditure method · Value-added method
5. What does the term 'Net Domestic Product' (NDP) refer to?
GDP minus depreciation · GNP minus depreciation · GDP plus depreciation · GNP plus depreciation
Related quizzes
View all EconomicsClass XII Economics Quiz: Open Economy Macroeconomics
Open Economy Macroeconomics
Producer Behaviour and Supply Quiz
Producer Behaviour and Supply
Producer Behaviour and Supply Quiz
Producer Behaviour and Supply
Producer Behaviour and Supply Quiz
Producer Behaviour and Supply
Producer Behaviour and Supply Quiz
Producer Behaviour and Supply
Class XII Economics Quiz - Introduction
Introduction