When the average physical product curve is rising the marginal physical product is
Below it
Above it
Falling
Zero
None of the above
Correct answer is B
No explanation has been provided for this answer.
The lowering of the exchange rate between country's currency and other currencies is known as
The foreign exchange rate
Deflation
Exchange control
The law of comparative advantage
None of the above
Correct answer is E
No explanation has been provided for this answer.
Which of the following is not an asset of a commercial bank?
Cash
Money at call
Treasury bills
Reserve funds
Loans and over-draft
Correct answer is B
No explanation has been provided for this answer.
Progressive
Indirect
Regressive
Proportional
None of the above
Correct answer is C
No explanation has been provided for this answer.
Gross national income minus depreciation
Gross domestic product plus net income from abroad
Nominal national income divided by the price level
Gross national income divided by the total population
Gross national product plus subsidies minus indirect taxes
Correct answer is E
Net national income (NNI) is an economics term used in national income accounting. It can be defined as the net national product (NNP) minus indirect taxes. Net national income encompasses the income of households, businesses, and the government.
It can be expressed as:
NNI = C + I + G + (NX) + net foreign factor income - indirect taxes - manufactured capital depreciation
where:
C = Consumption
I = Investments
G = Government spending
NX = net exports (exports minus imports)