National Saving Officer Mcqs Page 4

31.	To avoid double counting when GDP is estimated, economist:
	A. Use GDP deflator B. Calculate value added at each stage of production C. Use retail prices D. Use price only intermediate goods Answer: Option B

---

32.	A TV set purchased from a retail store is an example of:
	A. Intermediate good B. Capital goods C. Surplus goods D. Final goods Answer: Option D

---

33.	It is deducted from GNP to find NNP:
	A. Savings B. Direct taxes C. Depreciation allowance D. Subsidies Answer: Option C

---

34.	Undistributed profits are considered:
	A. Income earned but not received B. Income received but not earned C. Income earned and received D. None of the above Answer: Option A

---

35.	GNP is:
	A. Total sales in the economy B. Total monetary transactions in an economy C. The market value of all goods and series produced in an economy D. Total spending in an economy Answer: Option C

---

36.	GNP includes:
	A. A loan from a bank B. Al loan from one's parents C. Gifts and donations D. A broker's commission Answer: Option D

---

37.	In terms of national income accounts, multiple counting refers to:
	A. The addition to GNP of multiple units of a good B. Counting currently produced goods more than once C. The inclusion in GNP of gross spending and taxes D. Counting both goods and services Answer: Option B

---

38.	Net Investment is:
	A. Gross Investment minus household Investment B. Gross Investment minus govt. Investment C. Gross Investment minus capital consumption allowance D. None of the above Answer: Option C Explanation:

---

39.	PI is equivalent to:
	A. DPI minus personal taxes B. DPI plus unearned receipts C. DPI minus income earned but not received D. NI plus unearned receipts minus earnings not received (taxes) Answer: Option D

---

40.	Market value of all final goods and services produced in a country during a year is definition of:
	A. NI B. NNP C. GNP D. Consumpt Answer: Option C