MCQ Quiz – Practice Questions MCQ Quiz Question 1 What is referred to as an increase in the stock of capital during a year? Depreciation Obsolescence Investment Consumption C Correct Answer: Investment Investment is the increase in the stock of capital during a year. Question 2 Which of the following is also known as capital […]
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MCQ Quiz – Practice Questions MCQ Quiz Question 1 Which of the following best describes consumer goods? Goods used in the production of other goods and services. Goods directly used for the satisfaction of human wants. Goods that have derived demand. Goods used exclusively by producers and businesses. B Correct Answer: Goods directly used for
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MCQ Quiz – Practice Questions MCQ Quiz Question 1 National income refers to the income of: A family A city Some nation A company C Correct Answer: Some nation Question 2 National income is calculated for: Some countries Developed countries Every country Large countries C Correct Answer: Every country Question 3 National income helps judge:
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