Economics MCQs For Lectureship CSS PMS And NTS Part IV. Economics MCQs For Lectureship CSS PMS And NTS Part IV.

Economics MCQs For Lectureship CSS PMS And NTS Part IV

1 What is NI = NE?

An Identity

2 What is Per capita income?

Income per head

3 What we get when indirect taxes are deducted from NNP and subsidies are added?

National Income

4 Why transfer payments are not included in national income?

Double counting would result

5 How to determine the correct level of GDP?

Add up the values of goods and services during one year

6 When real national income increases?

Quantity of goods and services increases

7 Construction of house is

An investment

8 Unemployment allowances paid by government is considered as transfer of payments

Transfer of payments

9 GDP is always greater than what?

NNP

10 What are the four factor payments?

Wages, rent, interest and profits