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Questions and Answers
How is national income typically expressed?
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?
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?
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?
What is NOT an objective of a five year plan?
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What does national income measure?
What does national income measure?
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Which factor is considered in the formulation of a five year plan?
Which factor is considered in the formulation of a five year plan?
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