Which of the following items is not included in the measurement of the national income using the income approach

Assessment: WAEC SSCE - Economics - 2016 (Objective) Subject: Economics

Question 1 Report

Which of the following items is not included in the measurement of the national income using the income approach

Answer Details
The item that is not included in the measurement of the national income using the income approach is government purchases. The income approach measures national income by summing up all the income generated in an economy, including wages and salaries, interest, and dividends. Government purchases, on the other hand, are part of government spending and are not considered as income generated by individuals or businesses in the economy. Therefore, government purchases are not included in the measurement of national income using the income approach.
Read lesson note on National Income (WAEC)
View Answer

Related Questions

1

In a socialist economy, prices of commodities are determined by
2

Human wants are insatiable because wants are
3

What is the ratio of expenditure on health to agriculture?
4

What effect will an increase in price have on the total revenue of a firm whose product has inelastic demand? total revenue will
5

A country allocation to various sectors of the economy is shown in the pie chat below, use it to answer question 5 and 6 If the budget of the country was $7,...
6

Which of the following cannot be classified as land in economics
7

The demand curve for neccessity is usually
8

Scale of preference is important for the following reasons except in

Download The App On Google Playstore

Everything you need to excel in your exams

Green Bridge CBT Mobile App
Personalized AI Learning Chat Assistant
200,000+ Exam Questions Across IGCSE, JAMB, WAEC & NECO
Over 3,900 Lesson Notes
Offline Support - Learn Anytime, Anywhere
Green Bridge Timetable
Literature Summaries & Potential Questions
Track Your Performance & Progress
In-depth Explanations for Comprehensive Learning