National income is used to measure
...National income is used to measure
A country's population size
A country's economic growth
The human level of development
The flow of imports to a country
Correct answer is B
National income measures the monetary value of the flow of output of goods and services produced in an economy over a period of time. This is otherwise considered as measuring the economic growth.
An outward shift of the production possibility curve shows that ...
If a government wants to reduce the level of inflation, it will ...
An increase in nominal income without increase in price will result to ...
A situation in which all inputs are doubled and output also doubles is known as ...
A disadvantage of concentrating industries in an area is that it could ...
If a consumer plans to spend 120k on four oranges but spent 80k, his consumer surplus is ...
The maximum number of workers that should be hired is ...
The difference between bar charts and histograms is that the former ...
The grouping of the population according to the economic activities people engage in is ...
In computing national income, transfers are excluded because ...