National Income Test 3: AP Macroeconomics

Under which head will ‘Travel and Business Expenses’ fall?
Consumers Surplus
Final Consumption
Intermediate Consumption
Wages
Production
Intermediate goods used to produce the final goods are excluded while computing Net National Product to leave out:
Inferior goods
Goods in excess supply
Double Counting
The prospect of the consumer being cheated
Subsidies
Net Investment is equal to the:
Savings
Investments less Savings
Gross Investment minus Depreciation
Gross Investment plus Depreciation
Depreciation
An increase in which of the following is taken as a measure of economic growth?
National Income
National Income with a related increase in the population
Gross Domestic Product
Per Capita Gross Domestic Product/ Per Capita Income
Gross Domestic Product with a related increase in the population
Which of the following includes the Interest on Public Debt?
Interest Payments by households
Transfer Payments by enterprises
Transfer Payments by households
Transfer Payments by Government
National Income
The Total Savings from the Corporate sector is:
Total Corporate Profits
Undistributed Corporate Profits
Capital Consumption Allowances
Total Corporate Profits plus Capital Consumption Allowances
Undistributed Corporate Profits plus Capital Consumption Allowances
Which of the following head is excluded while computing the Disposable Income?
Transfer Payments
Business Transfer Payments
Personal Income Taxes
Corporate Dividends
Social Security Benefits
Interest on the National Debt is included in:
NI
GDP
GNP
NNP
PI
While calculating National Income, a Transfer Payment occurs when:
Money exchanges hand
No money is transacted
The producer’s expenditure is increased
The consumer’s income is increased
No goods or service is produced in the process
When does the Per Capita Income rise?
The rate of increase in GNP is slower than the rate of increase in the population.
The rate of increase in GNP is faster than the rate of increase in the population
The rate of increase in GNP is equal to the rate of increase in the population
Both GNP and population decrease at the same rate.
None of the above
Description:

One of the most important chapters of Macroeconomics AP, is National Income. Here is the third 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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SoftSkills and Spoken English Courses

Englishteachersvn agrees with you Sneha. Hope you found the test helpful!

4437 days 4 hours 4 minutes ago

sneha mittal

ONE OF THE MOST important chapters of macroeconomics ap is national income

4514 days 11 hours 26 minutes ago

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EnglishteachersVinodita Sankhyan Namrata Arora
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