ECC03 — National Income

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Question 1

GNP is obtained from GDP by: (CDS PYQ)

AAdding depreciation to GDP

BAdding Net Factor Income from Abroad (NFIA)

CSubtracting net indirect taxes from GDP

DAdding government subsidies to GDP

Question 2

Which is the best measure of an economy's economic growth in real terms? (CDS PYQ)

ANominal GDP growth rate

BReal GDP growth rate

CGross National Product growth

DPer capita nominal GDP growth

Question 3

GDP Deflator is calculated as: (CDS PYQ)

AConsumer Price Index divided by Wholesale Price Index

BNominal GDP divided by Real GDP, multiplied by 100

CReal GDP divided by Nominal GDP, multiplied by 100

DReal GDP minus Nominal GDP, expressed as a percentage

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ECC03 — National Income — Quiz