5 Questions
What is the modern economy primarily based on?
Money economy
What is Gross National Product (GNP) defined as?
Aggregate market value of all final goods and services produced
How is national income of a country typically expressed?
In money terms with reference to a time interval
What does GDP stand for?
Gross Domestic Product
What does NI stand for in the context of national income?
National Income
Test your knowledge on national income, inflation, business cycles, and demonetization with this quiz. Explore concepts such as GDP, GNP, NI, PDI, inflation types and effects, business cycle phases, and the impact of demonetization. Brush up on your understanding of national income and economic performance in this comprehensive quiz.
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