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Question 1 of 5
1. Question
2 pointswhat is production for Self-consumption called
Correct
Market Economy is market beyond self consumption and exchange of goods and services
Incorrect
Market Economy is market beyond self consumption and exchange of goods and services
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Question 2 of 5
2. Question
2 pointsServices of housewives are not included in
Correct
Services of Housewife are not included in calculation of National Income, Domestic Income or Household Income as they are meant for leisure/own purpose and are non-marketable exchange of gods and services.
Incorrect
Services of Housewife are not included in calculation of National Income, Domestic Income or Household Income as they are meant for leisure/own purpose and are non-marketable exchange of gods and services.
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Question 3 of 5
3. Question
2 pointsInfant mortality rate refers to the death of a child under the age of
Correct
Infant mortality rate (IMR) is the number of deaths per 1,000 live births of children under one year of age.The rate for a given region is the number of children dying under one year of age, divided by the number of live births during the year, multiplied by 1,000.
Incorrect
Infant mortality rate (IMR) is the number of deaths per 1,000 live births of children under one year of age.The rate for a given region is the number of children dying under one year of age, divided by the number of live births during the year, multiplied by 1,000.
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Question 4 of 5
4. Question
2 pointsPeople as a resource refers to the
Correct
People as a resource are a way of referring to a country’s working people in terms of their existing productive skills and abilities.
Incorrect
People as a resource are a way of referring to a country’s working people in terms of their existing productive skills and abilities.
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Question 5 of 5
5. Question
2 pointsBribe taking by government official(s) is an
Correct
Bribes and corruption are not counted in calculation of national income and hence, classified as Non-economic activities.
Incorrect
Bribes and corruption are not counted in calculation of national income and hence, classified as Non-economic activities.
