NATIONAL INCOME

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

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

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

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

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

• Factor Cost

• Cost of Production

• Price Floor

• Market Price

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

• Income

• Profit

• Factor Cost

• Market Price

Personal income – Personal income tax = ?

• PDF

• PDI

• DPI

• IDP

National income + transfer payments – corporate income taxes – retained earnings – _____________ – social security contributions (SOCSO) – insurance premium

• Employer Provident Fund

• Employee's Saving

• Employee's Emergency Fund

• Employee's Provident Fund

________ was used to learn how the residents are contributing to the economy.

• GDP

• GNP

• NPP

• NNP

GDP at factor cost = GDP at market price – Indirect Taxes + _______

• Market Price

• Factor Cost

• Subsidies

• Personal Tax