4 Questions
Which of the following is not a component of the Economic Account?
Production output
Which of the following is considered a transfer payment in the Economic Account?
Pension payments
What does the term 'Capital expenditure' refer to in the Economic Account?
Investment in new equipment and machinery
In the Economic Account, which of the following represents government revenue from taxes?
Personal income tax
Test your knowledge of the Economic Account components and terminology with this quiz. Identify components, understand terminology, and demonstrate your understanding of government revenue and transfer payments.
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