Trends And Structure of National Income - SS2 Economics Past Questions and Answers - page 1
1
What is national income?
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A
The measure of the value of all final goods and services produced within a country's borders over a specific period
B
The measure of the number of people living within a country's borders
C
The measure of the amount of money a country has in its treasury
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D
None of the above
2
What does GDP stand for?
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A
Gross Domestic Product
B
Great Domestic Product
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C
Good Domestic Product
D
None of the above
3
Which of the following is a component of national income?
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A
Income earned from foreign investments
B
Income earned from underground activities
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C
Income earned from charitable donations
D
None of the above
4
Which of the following can cause fluctuations in national income?
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A
Technological advancements
B
Political stability
C
Economic cycles
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D
All of the above
5
Which of the following is an indication of strong business activity and potential for future growth?
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A
High levels of government spending
B
High levels of consumption
C
High levels of investment spending
D
None of the above
6
What does the structure of national income refer to?
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7
Why is understanding the trends and structure of national income important?
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