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Economics Past Questions and Answers

Economics Questions

Question 4956:
Which item is included in national income calculations?
  • A Personal family allowance
  • B Sale of used textbooks
  • C Transfer pension payment
  • D Profit earned by firms
View Answer & Explanation
Question 4957:
Net Domestic Product equals:
  • A GDP plus taxation
  • B GDP minus depreciation
  • C GNP minus imports
  • D GNP plus exports
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Question 4958:
Transfer payments are excluded from national income because they:
  • A Measure export activities
  • B Increase production output directly
  • C Are not current production payments
  • D Represent manufacturing income
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Question 4959:
One effect of high unemployment is:
  • A Elimination of poverty completely
  • B Increase in economic productivity
  • C Reduction in living standards
  • D Rise in industrial expansion
View Answer & Explanation
Question 4960:
Census information is useful for:
  • A Climate prediction activities
  • B Sports competition organization
  • C Population elimination policies
  • D National development planning
View Answer & Explanation