19. Real national income means: (a) national income at current prices (b) national income at factor prices (c) national income at constant prices (d) national income at average prices of the past 10 year 20. GDP Deflator = Real income (a) Nominalincome Nominal income (b) x 100 x 100 Realincome Realincome (c) Population x 100 (d) None of these 21. Increase in price of commodities due to increase in taxes assumes relevance in the estimation of NNP MP because: (a) taxes are compulsory payments (b) taxes are transfer payments (c) taxes are paid out of income of the households teves cause a rise in market price of the commodities which otherwise would have been sold at a lower price

19. Real national income means: (a) national income at current prices (b) national income at factor prices (c) national income at constant prices (d) national income at average prices of the past 10 year 20. GDP Deflator = Real income (a) Nominalincome Nominal income (b) x 100 x 100 Realincome Realincome (c) Population x 100 (d) None of these 21. Increase in price of commodities due to increase in taxes assumes relevance in the estimation of NNP MP because: (a) taxes are compulsory payments (b) taxes are transfer payments (c) taxes are paid out of income of the households teves cause a rise in market price of the commodities which otherwise would have been sold at a lower price

ECON MACRO

5th Edition

ISBN:9781337000529

Author:William A. McEachern

Publisher:William A. McEachern

Chapter6: Tracking The U.s. Economy

Section: Chapter Questions

Problem 1.1P

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