Economic Account Components and Terminology Quiz
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Questions and Answers

Which of the following is not a component of the Economic Account?

  • Capital expenditure
  • Labor income
  • Production output (correct)
  • Government spending

    • Which of the following is considered a transfer payment in the Economic Account?

  • Dividends from investments
  • Sales revenue
  • Wages and salaries
  • Pension payments (correct)

    • What does the term 'Capital expenditure' refer to in the Economic Account?

  • Interest payments on loans
  • Investment in new equipment and machinery (correct)
  • Government subsidies for businesses
  • Wages paid to workers

    • In the Economic Account, which of the following represents government revenue from taxes?

    <p>Personal income tax</p> Signup and view all the answers

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