National income accounting questions | form six Economics

1. What does it means by saying that Gross national product is equal to gross national income?
2. Distinguish between the following:

1. Disposable income and personal income
2. Private income and public income
3. Absolute poverty and relative poverty
4. Equitable and equal distribution of income

100. What is conspicious consumption?

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UNSOLVED

Distinguish between saving and dis-saving. What factors determine the level of savings in an economy?

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UNSOLVED

Distinguish between

1. Induced investment and autonomous investment
2. A closed economy and open economy
3. Income gap and and saving gap.

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UNSOLVED

Distinguish between aggregate demand and market demand. What factors affect market demand and aggregate demand?

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UNSOLVED

On the basis of consumption function -schedule given below preparre the saving function schedule and calculate APC, MPC and MPS.

2. Outline factors which determine savings and investment in a country.

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UNSOLVED