NATIONAL INCOME

NATIONAL INCOME

University

20 Qs

quiz-placeholder

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NATIONAL INCOME

NATIONAL INCOME

Assessment

Quiz

Business

University

Practice Problem

Medium

Created by

DR MOKTHAR

Used 48+ times

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20 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the total market value of all final goods and services produced within a given period of time by factors of production located within a country?

NNP

GDP

GNP

GDB

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the total market value of all final goods and services produced by the residents of a country during a given period of time?

GDP

NNP

GNP

GNC

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the National Income that excludes goods and services produced by Malaysian citizens working overseas but include value of output produced by foreign workers in Malaysia?

GDP

GNP

NPP

NNP

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the National Income that total the amount of income earned by the residents of the country regardless of where they are?

GDP

GNP

NNP

GDL

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the actual price paid by the consumers called in National Income Calculation?

Factor Cost

Cost of Production

Price Floor

Market Price

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the actual price earned by producers or sellers called in National Income Calculation?

Income

Profit

Factor Cost

Market Price

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Personal income – Personal income tax = ?

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