NATIONAL INCOME CALCULATION

NATIONAL INCOME CALCULATION

University

20 Qs

quiz-placeholder

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NATIONAL INCOME CALCULATION

NATIONAL INCOME CALCULATION

Assessment

Quiz

Business

University

Medium

Created by

DR MOKTHAR

Used 31+ times

FREE Resource

20 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

C + I + G + ( X - M) + Change in stock =

GDPfc

GDPmp

GNPmp

GNPfc

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Wages/Salaries + Rents + Interest + Profits =

GDPfc

GDPmp

GNPfc

GNPmp

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Primary sector + Secondary sector + Tertiary sector =

GDPfc

GNPmp

GDPmp

GNPfc

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

How to calculate GDPfc if you are given GDPmp?

+ indirect tax - Subsidy

+ Factor income from abroad

- Depreciation

- indirect tax + subsidy

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Export and import are examples of what approach in national income measurement?

Output

Income

Expenditure

Value added

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Corporate profit = Distributed profit + Undistributed profit + ___________

Individual income tax

Indirect tax

Tax on personal consumption

Corporate income tax

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Export - Import =

Net income

Net import

Net exports

Net value

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