Tutorial Unit 3

Income after tax and essential purchases

• Disposable income

• Personal income

• Available income

• Discretionary income

The GNI of a South Africa includes income generated by South African citizens in other countries.

• True

• False

How many categories does the World Bank use to categorise countries based on their GNI / capita?

• 3

• 4

• 5

• 6

After tax personal income is known as

• Discretionary income

• Total income

• Disposable income

• Personal income

The GDP of South Africa includes the value of goods produced by South African citizens in other countries.

• True

• False

Measures the size of an economy based on the the market value of goods and services produced in a nation within a year.

• GNI

• GDP / Capita

• GNI / Capita

• GDP

Economic measure based on ownership

• GNI

• GDP

Which of the following is not a characteristic of a developing economy?

• Widespread malnutrition

• High unemployment

• Small share of total output from agriculture

• Technological dualism

The ______ is measure of the degree to which family income in a country is equally distributed

____ economies have per-capita incomes in the low to middle range that are in transition towards developed countries.