Economics Practice Test – National Income Accounting (Questions with Answers and Explanations)

Hello and Welcome to Economics Practice Test – National Income Accounting

  1. You are to attempt 5 random objectives questions ONLY.
  2. Supply Your Full Name and Location in the text box below and begin immediately.
  3. You can attempt as many times as possible

Investment and savings are respectively _____ (JAMB 2019)

A. income and wealth
B. stocks and flours
C. injections and leakages
D. leakages and injections

Which of the following is an indicator of economic growth? (JAMB 2017)

A. High tax rate
B. Technology development
C. High gross domestic product
D. High interest rate

Which of the following can be used to measure the Gross National Product in an open economy? (JAMB 2014)

A. C + I + G + (X - M)
B. C + I + G + (X + M)
C. C + I + G + X
D. C + I + G

The production within domestic territory of a country is called the _____ (JAMB 2017)

A. net national product
B. gross domestic product
C. net income
D. disposable income

The GDP of a country is calculated as _____ (JAMB 2015)

A. gross national product less depreciation
B. gross national product plus net income from abroad
C. net domestic product less depreciation
D net domestic product plus depreciation



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