National Income and Five Year Plans Quiz
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Questions and Answers

How is national income typically expressed?

  • In monetary terms, such as dollars or euros (correct)
  • In terms of the average height of the population
  • As a percentage of the total land area of the country
  • Through the number of political parties in the country
  • What is the primary focus of a five year plan?

  • Economic development and growth (correct)
  • International trade agreements
  • Maximizing individual income
  • Managing national income calculation
  • Which of the following is NOT included in the calculation of national income?

  • Household consumption expenditure
  • Exports to other countries
  • Government expenditure
  • Investment in stock markets (correct)
  • What is NOT an objective of a five year plan?

    <p>Minimizing international trade</p> Signup and view all the answers

    What does national income measure?

    <p>The total value of goods and services produced in a country</p> Signup and view all the answers

    Which factor is considered in the formulation of a five year plan?

    <p>Economic resources and infrastructure</p> Signup and view all the answers

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