Which of the following is excluded when making national income?
Dividends
Wage and salaries
Transfer of payments
Profits
Correct answer is C
No explanation has been provided for this answer.
The national income of a country can be estimated by the
Cost-benefit method
Distribution method
Expenditure method
Consumption method
Correct answer is C
No explanation has been provided for this answer.
Development planning which take an overall view of the economy is described as
Aggregate economic planning
Disaggregate economic planning
Sectorial economic planning
System economic planning
Correct answer is A
No explanation has been provided for this answer.
The three broad categories of production are
Direct, secondary and extractive
Primary, tertiary and direct
Primary, secondary and tertiary
Secondary, primary and direct
Correct answer is C
No explanation has been provided for this answer.
A surplus in the balance of payment should be used to
Subsidised multinational companies
Build infracstructures for friendly nations
Make donations to developed countries
Buy investment overseas
Correct answer is D
No explanation has been provided for this answer.