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National income accounting questions

National income accounting questions | form six Economics

Find National income accounting examination questions, form six Economics in acaproso.com

# Question
1
  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
  1. What is conspicious consumption?

Short answers
2

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


Short answers
3

Distinguish between

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

Short answers
4

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


Short answers
5

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

Income Consumption APC MPC MPS
0 20 - - -
50 60 - - -
100 100 - - -
150 140 - - -
200 180 - - -
250 220 - - -
300 260 - - -
  1. Outline factors which determine savings and investment in a country.

Long answers
6
  1. Define aggregate demand
  2. Describe four determinants of the aggregate demand
  3. Briefly explain the meaning of the following concepts
  1. Leakages
  2. Injections
  3. Deflationary gap
  4. Balanced Budget multiplier

Long answers
7
  1. Define national income
  2. Describe five determinants of the size of national income
  3. Explain four uses of national income statistics

Long answers