Identify the correct statement with regards two sector economy model:

A. Total factor income is equal to aggregate consumption expenditure.

B. Consumers can dispose off their earnings through spending their entire income on consumption.

C. Balance of trade surplus.

D. Fair society through progressive tax regime.

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Choose the correct statements:

(A) Intermediate goods are used as raw materials or inputs for production of other commodities.

(B) Consumer goods are consumed when purchased by their ultimate consumers.

(C) Intermediate goods crossed production process boundary.

(D) Capital goods have a durable character which are used in the production process.

What is the other name of incremental change in inventory?

Which of the following are economic activities?

(A) Mining and Quarrying

(B) Construction

(C) Sun Rays

(D) Transport and Storage

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Identify which of the following statements is incorrect with reference to an economy?

Identify the concept which should be deducted from the value of gross investment in order to accommodate regular wear and tear of capital goods.

1. Investment.
2. Capital
3. Depreciation
4. Consumption goods

Which of the following are used to estimate GDP by expenditure method?

(A) The final consumption expenditure on the goods and services produced by the firm.

(B) The expenditure that the government makes on the final goods and services produced by firm.

(C) Compensation of employees.

(D) The final investment expenditure

Choose the correct answer from the options given below: