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41.

Investment spending includes the purchase of:

A.	Stocks	B.	Govt. bonds
C.	Residential construction	D.	All of the above

42.

Which of the following would not be included in GNP:

A.	Govt. transfer payments	B.	Payment for construction of state high way
C.	Govt. purchase of an airplane	D.	Salary paid for the presidents secretary

43.

Consumption spending does not include:

A.	Household's purchase of food	B.	Household's purchase of car
C.	Household's payment of rent for an apartment	D.	Household's purchase of stock in any XYZ corporation

44.

Net exports are:

A.	Total exports plus total imports	B.	Total exports minus total imports
C.	Total imports minus total exports	D.	Total exports divided by total imports

45.

National Income is:

A.	Total income spent in the economy	B.	Sum of disposable personal income and saving
C.	NNP minus the capital consumption allowance	D.	Total income earned in producing the national product

46.

Which of the following is not included in personal Income:

A.	Social security benefits	B.	Dividend payments
C.	Undistributd corporate profits	D.	Interest received from saving certificates

47.

Traffic fines are:

A.	Part of personal consumption spending	B.	Excluded from national income accounts
C.	Included in NI but not in PI	D.	Included in PI but not in Disposable PI

48.

Govt. transfer payment include:

A.	Social security benefits	B.	Welfare benefits
C.	Student scholarships	D.	All of the above

49.

Which of the following would increse level of national income?

A.	An increase in taxation.	B.	A reduction in government spending
C.	A reduction in consumer spending	D.	An increase in exports

50.

National income is a measure of:

A.	The size of government revenue	B.	Payments made to factors of production
C.	Total increase in wages in a year	D.	Total production of goods in a period