National Income Quiz
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Questions and Answers

What is national income?

  • The total amount of money in circulation within a country
  • The total value of all goods and services produced in a country within a specific time period (correct)
  • The total value of goods produced for export in a country
  • The total income earned by the government through taxes
  • Which of the following is included in the calculation of national income?

  • Income from wages and salaries (correct)
  • Government spending on national defense
  • Value of stocks and bonds traded in the stock market
  • Value of imports and exports
  • What does national income serve as a measure of?

  • Government debt and liabilities
  • Economic performance of a country (correct)
  • Inflation rate
  • Population growth rate
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