MCQ Economics Class 12 Chapter 2 National Income Accounting

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Macroeconomics

MCQ’s For All Chapters – Macroeconomics Class 12

1. What is the main focus of National Income Accounting?

Question 1 of 20

2. Which of the following is considered a final good?

Question 2 of 20

3. Why are intermediate goods not counted separately while calculating final output?

Question 3 of 20

4. Which of the following is an example of a capital good?

Question 4 of 20

5. What is the common measuring rod used to calculate the value of diverse goods and services?

Question 5 of 20

6. Which of the following is a flow variable?

Question 6 of 20

7. Stocks are defined as quantities measured at:

Question 7 of 20

8. In the water-tank example, the amount of water flowing into the tank per minute represents:

Question 8 of 20

9. What is the formula for Net Investment?

Question 9 of 20

10. What does depreciation represent in national income accounting?

Question 10 of 20

11. Which factor payment is associated with labour?

Question 11 of 20

12. Which factor payment is associated with capital?

Question 12 of 20

13. Which factor payment is associated with entrepreneurship?

Question 13 of 20

14. What is the remuneration for the contribution made by land?

Question 14 of 20

15. In a simple economy without government, external trade and savings, households spend their income on:

Question 15 of 20

16. Which method calculates national output by measuring final expenditure?

Question 16 of 20

17. Which method measures the aggregate value of final goods and services produced by firms?

Question 17 of 20

18. Which method measures the sum total of factor payments?

Question 18 of 20

19. What does a macroeconomic model primarily aim to do?

Question 19 of 20

20. What is value added by a firm?

Question 20 of 20


 

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