National Income
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2020 A/L Economics – Past Paper MCQ 19
Question: The difference between Gross Value of Output (GVO) and Gross Value Added (GVA) is…
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2021 A/L Economics – Past Paper MCQ 25
Question: Which of the following is an example of a leakage from the circular flow…
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2021 A/L Economics – Past Paper MCQ 21
Question: Which of the following items is not included when estimating Gross National Income by…
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2021 A/L Economics – Past Paper MCQ 20
Question: A paddy farmer sells paddy to a rice miller for Rs. 10 000 and…
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2022 A/L Economics – Past Paper MCQ 22
Question: In a given year, if nominal GDP is Rs. 1 200 billion and real…
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2022 A/L Economics – Past Paper MCQ 21
Question: Suppose a wealthy person bought the holiday home in Nuwara Eliya which he/she used…
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2022 A/L Economics – Past Paper MCQ 20
Question: Which of the following would be classified as consumption expenditure (C) when calculating Gross…
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2023 A/L Economics – Past Paper MCQ 23
Question: You are given the following macroeconomic data for a hypothetical economy. Savings (S) =…
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2023 A/L Economics – Past Paper MCQ 22
Question: Suppose that last year’s Real Gross Domestic Product of a country was Rs. 12…
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2023 A/L Economics – Past Paper MCQ 21
Question: Which of the following statements is correct? (1) Earnings from gambling are included in…