WorksheetsC2 : SET 5 - NATIONAL INCOME ACCOUNTING
Total questions: 8
Worksheet time: 3mins
A clerk earns a monthly salary of RM1200. He then changes job and works for a different firm, earning a monthly salary of RM2500. From his new salary, he pays RM500 per month to his housekeeper. Calculate the change in national income?
RM1300
RM1800
RM2500
RM4200
Aggregate demand is the sum of _____________________.
C+I+G+(X-M)
C+I+X
C+I+G+(M-X)
C+I+G
Which of the following statements is not correct?
GDPmp = C+I+G+(M-X)
GNPmp = GDPmp + Net factor income abroad
DPI = PI – Personal income tax
NI = GNPfc – depereciation
Which of the following is not a component of national income?
Profits
Wages and salaries
Net interest
Indirect business tax
Transfer payment refers to payment which are made _______________.
as compensation to workers
without any exchange of goods and services
to workers on transfer from one job to another
none of the above
Gross Domestic Product (GDP) includes _______________________.
final goods only
intermediate and final goods
intermediate goods only
neither intermediate nor final goods
Transfer payment are included in ____________________.
National Income
Gross Domestic Product
Gross National Product
Personal Income
To convert GNP at factor cost to GNP at market price, it is necessary to add ______________________.
Indirect taxes and subtract subsidies
Expenditure imports
Gross trading profits of companies
Current and capital expenditure by the central government
