National Income Measurements And Their Problems Jamb Economics Past Questions
Question 11
According to the income approach to national income measurement, the national income of a country is equal to?
- A. the value of all output produced in the country over the relevant period of time at market prices
- B. the value of output at factors cost
- C. the value added to production
- D. C +I + G
Question 12
The national income of a country indicates that the gross domestic production was N17 700 million and gross domestic product was N16 800 million. The difference of N900 million represents?
- A. debt repayment
- B. investments abroad
- C. net income from abroad
- D. capital consumption
Question 13
The demand made on each other by the agriculture and industrial sector as the economy grows are reflected in?
- A. backward and forward linkages
- B. horizontal and vertical linkages
- C. vertical linkages
- D. functional linkages
Question 14
An nation's distribution of income shows?
- A. the value of all goods produce inthe economy
- B. how income is divided among different groups
- C. where the economy system is on its production possibility curve
- D. the consumption behaviour of the people
Question 15
The difference between gross national product and net national product is equal to?
- A. gross investment
- B. net investment
- C. net foreign income
- D. capital depreciation
