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Consider the following statements and identify the right ones. 

  1. National income is the monetary value of all final goods and services produced. 
  2. Depreciation is deducted from gross value to get the net value

Ai only

Bii only

Cboth i and ii

Dneither i nor ii

Answer:

C. both i and ii


Related Questions:

Which of the following best describes GDP (Gross Domestic Product)?

Which of the following options is correct? In theory ---------and ------ should be equal, but in practice they typically differ because they are constructed in different approaches.

  1. National Income and Net National Product.
  2. Real GDP and Nominal GDP.
  3. Consumer price Index and Producer Price Index.

    Which among the following are the factor/s that determine the national income of a country?

    i.The state of technical knowledge

    ii.Quantity and Quality of factors of produced

    iii.Economic and Political stability

    iv. All of the above


    ഓരോ ഉൽപ്പാദന ഘടകത്തിന്റെയും ദേശിയ വരുമാനത്തിലുള്ള സംഭാവന വേർതിരിച്ച് അറിയാൻ സഹായിക്കുന്ന രീതി ഏതാണ് ?
    ഒരു രാജ്യത്തെ മൊത്തം ദേശീയവരുമാനത്തെ മൊത്തം ജനസംഖ്യ കൊണ്ടു ഹരിച്ചാൽ കിട്ടുന്നത് ?