Accounting of National Income at constant price is called :

The decision of an individual economic agent is the study of ...................... ?

Identify the correct statements from the following:

A. Fees to a mechanic paid by a firm is not included in the estimation of national income

B. Income tax paid by an individual is not included in national income

C. Interest paid by a garment manufacture on a loan taken from bank is included in national income

D. Payment of old age pension will not be included in national income as it is a transfer payment

E. Insurance premium paid by household to an insurance company is not included in the estimation of national income

Choose the correct answer from the options given below:

Which of the following transaction is not included in national income?

Which of the following are the methods of calculating national income?

(A) Value added method

(B) Expenditure method

(C) Saving method

(D) Income method

Choose the correct answer from the options given below:

Which of the following statements are true in macroeconomics?

(A). GVA at factor costs + Net production taxes = GVA at basic prices.

(B). GVA at basic prices + Net product taxes = GVA at market prices.

(C). GNP ≡ GDP - Net factor income from abroad.

(D). NNP ≡ GNP – Depreciation.

Choose the correct answer from the options given below:

Arrange the following steps in the calculation of national income, by income method in correct sequence:

(A) Add Net Factor from Abroad to arrive at National Income.

(B) Estimate the factor income estimated by each sector.

(C) Identify and classify the income-generating units.

(D) Calculate domestic factor income.

Choose the correct answer from the options given below: