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WorksheetsC2 : SET 3 - NATIONAL INCOME ACCOUNTING
Total questions: 10
Worksheet time: 3mins
Net national product does not include_______________.
Interest on consumer loans
Undistributed corporate profit
Taxes on corporate profits
Depreciation
If the gross domestic product at market price is greater than the gross domestic product at factor cost, this means that _________________.
Indirect taxes are greater than subsidies
Indirect taxes are smaller than subsidies
Indirect taxes are positive
Factor income paid abroad is positive
The difference between gross national product at market price and gross national product at factor cost is __________________.
Exports and imports
Net factor income from abroad
Subsidies and indirect taxes
Depreciation
The portion of corporate profit included in personal income is __________________.
Undistributed corporate income
Taxes on corporate profits
Capital utilization allowance
Dividends
Food allowances for factory employees ________________.
Charity allowance
Scholarships for undergraduates
Allowances for housewives
Food allowances for factory employees
The main factor that differentiates gross national product from net national product is ____________________.
Net investment
Gross investment
Depreciation
Net factor income from abroad
The main factor that differentiates gross domestic product from gross national product is ________________________.
Inflow and outflow of capital.
Income from investment
Foreign investment
Exports and imports of goods
When a country‟s gross national product (GNP) is smaller than its gross domestic product (GDP), this means that its ___________.
Exports are less than its imports
Factor income from abroad is less than factor income paid abroad
Net factors income from abroad is positive
Subsidies are less than indirect taxes
Of the following, which is not included in the calculation of disposable income?
Employee transportation allowance
Interest on consumer loans
EPF contributions
Distributed corporate profit
Of the following, which is included in the calculation of national income?
Prize money of RM10 000 awarded as sales incentive
Interest paid to the holder of a government guarantee letter
The value of accommodation paid by an employer as part of an
employee’s wages
Increased value of a house due to inflation
