Correct Answer: B. land is mobile

Explanation

Land is not mobile because it can not be moved from one place to another, rather land is fixed.

Explanation

(a) The output method of measuring the gross domestic product involves summing up the market values of all output of the economy, sector by sector. Measurement is done using the value added method.

(b) To the gross domestic product, we add the net factor incomes from abroad to obtain gross national product at market prices. From the gross national product at market prices, we deduct depreciation or capital consumption allowance, to obtain net national product at market prices. From the net national product at market prices, we deduct indirect taxes and add subsidies to obtain net national product at factor cost.

(c) The problems associated with output method are:

(i) Double counting.

(ii) Difficulty in measuring subsistence output.

(iii) Difficulty in estimating rental value of owner occupied houses.

(iv) Difficulty in estimating the net income from abroad.

(v) Inaccurate data in measuring the output of the sectors.

Correct Answer: B. in stages

Explanation

Division of labour; the assignment of different parts of a manufacturing process or task to different people in order to improve efficiency.

Correct Answer: B. Consumption method

Correct Answer: D. affected by extreme data

Explanation

One of the disadvantage of the arithmetic mean is that it is not the best measure to use with data sets containing a few extreme values or with more dispersed (volatile) data sets in general.

Correct Answer: B. equal to marginal

Correct Answer: A) Ordinary shareholders are stronger than preferential shareholders

Explanation

This Economics question is asking about the ownership structure of a joint stock company. The question is asking which statement is correct. There are four options to choose from.

Option A states that ordinary shareholders are stronger than preferential shareholders, and this is the correct answer.

Option B says that preferential shareholders are stronger than ordinary shareholders, but this is not correct.

Option C states that ordinary shareholders are settled first in case of the company's liquidation. This statement is not entirely accurate as both types of shareholders will be settled in accordance with the company's Articles of Association.

Option D says that ordinary and preferential shareholders are perpetual rivals, but this statement is not correct either.

In summary, the correct answer to this question is that ordinary shareholders are stronger than preferential shareholders in the ownership structure of a joint stock company. This means that ordinary shareholders have more power and influence in decision-making compared to preferential shareholders.

Correct Answer: A. in a given country

Correct Answer: C. Mining industry

Explanation

Primary products are goods that are available from cultivating raw materials without a manufacturing process. Significant primary product industries include agriculture, fishing, mining and forestry. Examples of primary products are: oil, water, fish, fruit, crops, wood etc.

Correct Answer: B. devaluation