Y10 Economics - C17 Household

Other than salary, people can earn from...

• Spending on public goods

• Interest on savings account

• Renting an apartment

• Buying a property

Profit earned from business is consider as...

• Return on enterprise

• Return on capital

• Return on land

• Return on labour

Earning rental income from leasing property consider as...

• Return on capital

• Return on labour

• Return on land

• Return on enterprise

What is disposable income?

• Amount of income left after adding income tax.

• Amount of income left after deducting money saved.

• Amount of income left after spending.

• Amount of income left after deducting compulsory deduction.

The higher the income earned, the higher the...

• spending

• borrowing

• interest rate on saving money

• interest rate on borrowing money

What is current expenditure?

• The total amount of money people spend on luxury goods.

• Money spend on goods and services within a year.

• Money spend on fixed asset which last more than a year.

• Total amount of money people spend in a lifetime.

What is capital expenditure?

• The total amount of money people spend on luxury goods.

• Money spend on goods and services within a year.

• Money spend on fixed asset which last more than a year.

• Total amount of money people spend in a lifetime.

Which one is an example of current expenditure?

• Food

• House

• Car

• Land

Which one is an example of capital expenditure?

• Entertainment

• Cloth

• Food

• House

Which one is the correct measure of a wealth of an individual?

• Wealth = Capital - Liabilities

• Wealth = Assets - Capital

• Wealth = Assets + Liabilities

• Wealth = Assets - Labilities