state gov TSPSC Group 2 (తెలంగాణ గ్రూప్ 2) Mock Test Series General Knowledge Economy National Income Accounting
Consider the following statements :
(1) Gross capital formation consists of outlays on additions to the fixed assets of the economy plus gross changes in the level of inventories
(2) Net value added at factor cost is the sum total of all the factor payments
(3) The National Income is the total amount of income accruing to a country from economic and non-economic activities in a year's time
(4) In moving from national income to personal income we must subtract the incomes earned but not received and add incomes received but not currently earned
Choose the correct answer from the options given below :
1
(1) and (3) only
2
(2) and (3) only
3
(1) and (4) only
4
(2) and (4) only