National Income Test 1: AP Macroeconomics

The Real National Income is equal to the size of the population multiplied by:
Personal Disposable Income
Market Prices
Personal Income
Real Income
Per Capita Real Income
For a study of the Long Term growth of the economy, it is common to use the concept of :
None of the Above
Real NNP
Real GNP
Money GNP
Money NNP
National Product at Market Prices includes:
All of the above
Income earned by factor services
Actual Prices paid by buyers
Payments made to factor services
Cost incurred in producing goods and services
Per Capita Real Income is:
Nominal National Income Size of Population
Nominal National Income Working Population
Real National Income Size of Population
Real National Income Working Population
Real National Income Number of Workers
NNP is equal to:
GNP – Exports – Depreciation
GNP – Depreciation
GNP + Depreciation
GNP – Exports
GNP + Exports
National Income is:
All of the above
The sum total of revenues of public undertakings
Government’s annual revenue
Budget estimates by the government
The sum total of all factor incomes
National Product at Current Prices would be higher than the National Product at Constant Prices when:
None of the above
Any of the above
The prices are falling
The prices are constant
The prices are rising
GNP is the:
Total Taxes earned by the government from industrial production
Total Money Value of final goods and services produced in an economy in an year
Total Money Value of services offered by individuals
Total Money Value of industrial production
Total Money Value of agricultural production
NNP at Factor Cost will be equal to NNP at Market Price when which of the following is left out? I. Direct Tax II. Transfer Payment III. Indirect Tax
II and III
I and II
III only
II only
I only
A country is growing when:
Rising GNP at current prices
Constant GNP at current prices
Constant GNP at constant prices
Rising GNP at rising prices
Rising GNP at constant prices

One of the most important chapters of Macroeconomics AP, is National Income. Here is the first test on the Basics of National Income, concepts of National Income and National Income Measurement. Try out this 7-minute short Multiple Choice questions test on the basic concepts of National Income.

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