Economics National Income Test 5 Online Mcqs Preparation National Income Test 5 Online Mcqs Preparation 1. National Income is:A. Total income earned in producing the national productB. NNP minus the capital consumption allowanceC. Total income spent in the economyD. Sum of disposable personal income and saving Loading... 2. National income is a measure of:A. Total production of goods in a periodB. Payments made to factors of productionC. Total increase in wages in a yearD. The size of government revenue Loading... 3. Which of the following would increase level of national income ?A. A reduction in consumer spendingB. An increase in exportsC. An increase in taxationD. A reduction in government spending Loading... 4. Consumption spending does not include:A. Household's purchase of food B. Household's payment of rent for an apartmentC. Household's purchase of carD. Household's purchase of stock in any XYZ corporation Loading... 5. Which of the following would not be included in GNP:A. Payment for construction of state high wayB. Govt. purchase of an airplaneC. Salary paid for the presidents secretaryD. Govt. transfer payments Loading... 6. Net exports are:A. Total imports minus total exportsB. Total exports minus total importsC. Total exports plus total imports D. Total exports divided by total imports Loading... 7. Investment spending includes the purchase of:A. All of the aboveB. Govt. bondsC. StocksD. Residential construction Loading... 8. Which of the following would not be included in GNP:A. Payment for construction of state high wayB. Govt. transfer paymentsC. Govt. purchase of an airplaneD. Salary paid for the presidents secretary Loading... 9. Govt. transfer payment include:A. Welfare benefitsB. Student scholarshipsC. All of the aboveD. Social security benefits Loading... 10. Traffic fines are:A. Included in PI but not in Disposable PIB. Excluded from national income accountsC. Part of personal consumption spending D. Included in NI but not in PI Loading... 11. Which of the following is not included in personal Income:A. Dividend paymentsB. Undistributed corporate profitsC. Social security benefitsD. Interest received from saving certificates Loading... Loading... Related PostsNational Income Test 1 Online Mcqs PreparationNational Income Test 2 Online Mcqs PreparationNational Income Test 3 Online Mcqs PreparationNational Income Test 4 Online Mcqs PreparationNational Income Test 6 Online Mcqs PreparationNational Income Test 7 Online Mcqs Preparation Continue Reading Previous National Income Test 4 Online Mcqs PreparationNext National Income Test 6 Online Mcqs Preparation Leave a Reply Cancel replyYour email address will not be published. Required fields are marked *Comment * Name * Email * Website Δ