Tag: national income analysis
Questions Related to national income analysis
Are the following statements true or false? Give reasons.
Production of services for self-consumption are not included in national income.
When planned savings is less than planned investment, then:
Self employed people generally earn mixed income.
In small sector net value added is estimated by ________.
Net income from abroad should be added in the national income.
Income method is more reliable than expenditure method.
Total Cost is the total expenditure incurred by a firm.
In which case, net income from abroad need to be added separately under the income method?
Transfer incomes are ___________ national income.
Income method considers _________.