Uses And Limitations Of National Income Estimates Jamb Economics Past Questions
Question 1
National Income estimates can be used to?
- A. differentiate between the rich and the poor in a country
- B. prepare a country's annual budget
- C. protect the level of a country's economic develompent
- D. compare a country's growth rate with that of another over a period of time
Question 2
The difference between the Gross Domestic Product and the Gross National Product is?
- A. allowance for total depreciation
- B. total interest payments
- C. total tax and interest payments
- D. net income from aboard
Question 3
By terms of trade, we mean the?
- A. ratio of exports and imports
- B. differences between exports and imports
- C. differences between current account and capital account
- D. index of export prices to import prices expressed as a percentage
- E. ratio of short-term capital movements to long-term capital movements
Question 4
Disposable income is the same thing as
- A. personal income minus personal savings
- B. personal inome minus taxes
- C. national income minus depriciation
- D. exports minus imports
- E. savings plus investments
