Per Capita Income, National Income and Contribution to GDP

Q.

What is the full form of NNP?

Q. The money value of all final goods and services produced within a country during a particular year is called:

1. Gross domestic product
2. Net domestic product
3. National product
4. Production of secondary sector

Q. what are the other goals beside income .

Q. What are the major indicator of economic development on the basis of which we can compare countries or states?

Q. What is a system of making and trading things of value, such as goods and services called?

1. Trading
2. Currency
3. Business
4. Economy

Q. "A monetary measure of the market value of all the final goods and services produced in a country in a specific time period" is a definition of which term?

1. Gross National Income
2. Per Capita Income
3. Gross Domestic Product
4. Overseas Income

Q.

List the economic an dnon-economic factors determining development.

Q. <!--td {border: 1px solid #ccc;}br {mso-data-placement:same-cell;}--> Which of the following scale give importance to the well being of the population over the money produced?

1. <!--td {border: 1px solid #ccc;}br {mso-data-placement:same-cell;}--> Gross National Income
2. <!--td {border: 1px solid #ccc;}br {mso-data-placement:same-cell;}--> Gross domestic product
3. <!--td {border: 1px solid #ccc;}br {mso-data-placement:same-cell;}--> Per Capita Income
4. <!--td {border: 1px solid #ccc;}br {mso-data-placement:same-cell;}--> Gross National Happiness Index

Q. Is per capita income a true measure for development. Explain?

Q.

explain the term gdp why are only final goods & services counted in gdp

Q. <!--td {border: 1px solid #ccc;}br {mso-data-placement:same-cell;}--> What does the term "Per capita" mean?

1. For a state population
2. For a country population
3. For a society population
4. For each person

Q. In a family of three people, the father earns Rs 1, 80, 000/month; mother earns Rs 40, 000/month. Their younger child, who is studying in Germany gets a pocket money of Rs 12, 000/month from his parents. Calculate the per capita income of the family?

1. Rs 1, 10, 000
2. Rs 73, 333
3. Rs 34, 500
4. Rs 2, 20, 000

Q.

how are final goods different from intermediate goods?why only value of final goods is included in the estimation of gdp?

Q. <!--td {border: 1px solid #ccc;}br {mso-data-placement:same-cell;}--> Gross Domestic Product (GDP) is used throughout the world as a measure of _____ and _____ activity.

1. output
2. input
3. economic
4. military

Q. <!--td {border: 1px solid #ccc;}br {mso-data-placement:same-cell;}--> What was India's Gross National Income (GNI) in the year 2016?

1. 136.12 lakh crores
2. 145.69 lakh crores
3. 158.45 lakh crores
4. 123.45 lakh crores

Q. <!--td {border: 1px solid #ccc;}br {mso-data-placement:same-cell;}--> What is total country count of planet Earth?

1. 192
2. 195
3. 196
4. 198

Q. Why is it said that income by itself is not a completely adequate indicator of material goods and services that citizens are able to use? Give one example?