MCQs on National Income

What is national income?

Which of the following is included in the Gross Domestic Product (GDP)?

Gross National Product (GNP) includes:

Which formula correctly represents Net Domestic Product (NDP)?

Personal Income includes:

Per Capita Income is calculated by:

Which method of measuring national income focuses on income received by individuals and organizations?

What is the primary reason for measuring a country's national income?

Which problem is associated with national income measurement due to the difficulty in determining what constitutes economic activities?

The standard of living is primarily determined by: