SOCSCI 9.QUIZ.008.NATIONAL INCOME ACCOUNTING

Student Name (LAST, FIRST MI.):

Student Number:

Subject:

• GE 6
• GE 6

Days:

• MWF
• TTH
• SAT

Time Start:

Time End:

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Which approach to National Income Accounting focuses on calculating national income by summing up all the incomes earned by individuals and businesses within the economy?

• Income Approach
• Expenditure Approach
• Industrial Origin Approach
• Factor Approach

What does the expenditure approach in National Income Accounting focus on?

• Total spending or expenditures in the economy
• Total income earned by individuals
• Total production in the economy
• Total savings in the economy

Which of the following is not a component of the income approach in National Income Accounting?

• Wages and Salaries
• Profits
• Taxes
• Rents