CHAPTER 2:NATIONAL INCOME ACCOUNTING

CHAPTER 2:NATIONAL INCOME ACCOUNTING

University

10 Qs

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CHAPTER 2:NATIONAL INCOME ACCOUNTING

CHAPTER 2:NATIONAL INCOME ACCOUNTING

Assessment

Quiz

Education

University

Practice Problem

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Created by

Syafa Wati

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10 questions

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1.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

1.How many approaches in calculating national income?

4

3

2

1

2.

MULTIPLE CHOICE QUESTION

20 sec • 1 pt

2.When will GDP at market price be equal to GDP at factor cost ?

Indirect taxes=subsidy

indirect taxes >subsidy

indirect taxes < subsidy

none of these

3.

MULTIPLE CHOICE QUESTION

20 sec • 1 pt

3.Which one of the following is NOT included in National Income?

Old age pension

salary

wages

bonus

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

4. The national income is

a. NNP at factor cost

b. NNP at market price

c. GNP at market price

d. GNP at factor cost

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

5.The value of the output of all goods and services produced within a country in a year.

total output

Gross Domestic Product

national income

net domestic product

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

6.When a nation's exports exceed its imports and is calculated as exports - imports

trade surplus

trade deficit

inventory

gross domestic product

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

7.When a nation's imports exceed its exports and is calculated as imports -exports

inventory

gross domestic product

trade surplus

trade deficit

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