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National Income Aggregates & GDP · Question 44 of 69

Question 44

MediumOriginal question

Net national disposable income differs from NNP at market price by

Options for question 44

Show the answer and explanation
CorrectNot quiteAnswer D

Correct answer: D

Explanation

  1. NNDI = NNP at MP + net current transfers from abroad, such as gifts and remittances.

  2. NFIA is already inside NNP; transfers are not factor income, so they are added separately.

Concept
Disposable versus national product
Typical time
70 s
Your time
—
The rule this testsNational, personal and disposable income
Practise this chapter →

Ten questions from National Income Aggregates & GDP, at your own pace.

Practise this chapter →

Ten questions from National Income Aggregates & GDP, at your own pace.