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