Which of the following are included while measuring National Income?

A Final goods Correct Incorrect

B Intermediate Goods & Marketed Goods Correct Incorrect

C Final goods, Second-hand Goods, and Intermediate Goods Correct Incorrect

D Intermediate Goods & Newly Produced Goods Only Correct Incorrect

E All of these are included Correct Incorrect

Detailed Solution

Only Final goods are included while calculation of NI. Including Intermediate goods leads to double counting and are not included. Same is the case with second hand goods.

Practice Next

More Economics Questions

Who heads the National Development Council (NDC)? 
Balance of trade is the _______________.
What is BIPA?
The Marginal cost of production of a commodity is
Investment and savings are kept equal through changes in which of the following?
If the supply of sugar increases in a market in equilibrium, the equilibrium price will _______ and the equilibrium quantity will _______.
Which of the following taxes was levied, collected and retained by the Central Government?
Who is the author of the book ‘Revolutionaries’?
Insurance Mall portal has been launched by ______ for its customers to ensure an Easy-buy experience.
What does 'SLR' stand for in the context of banking regulations?

Relevant for Exams:

NPS Trust Grade B Officer

Hey! Ask a query

Please enter email id The email must be a valid email address.

Please enter Mobile Number Please enter valid Mobile Number

Please enter your Doubt

Thank You for posting your query. Please check your email for further guidance.

Which of the following are included while measuring National Income?

Detailed Solution

More Economics Questions

Relevant for Exams:

Hey! Ask a query

Please Register/Login