Practice Economic Planning - 1.2.1 | Chapter 6: National Income | ICSE Class 12 Economics
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Practice Questions

Test your understanding with targeted questions related to the topic.

Question 1

Easy

Define National Income.

💡 Hint: Think of it as the economic total of a nation's output.

Question 2

Easy

What does the Expenditure Method calculate?

💡 Hint: Recall what consumers, businesses, and governments spend on.

Practice 4 more questions and get performance evaluation

Interactive Quizzes

Engage in quick quizzes to reinforce what you've learned and check your comprehension.

Question 1

What is National Income primarily used for?

  • Economic comparison
  • Budget planning
  • Market analysis

💡 Hint: Consider the primary purpose of assessing the total economic output.

Question 2

The Income Method includes which of the following?

  • Total spending
  • Wages and Salaries
  • Final goods

💡 Hint: Consider what an individual earns.

Solve 1 more question and get performance evaluation

Challenge Problems

Push your limits with challenges.

Question 1

Consider a country that has high National Income but also high levels of poverty. Discuss how policymakers might leverage this information to address income inequality.

💡 Hint: Think about redistribution mechanisms!

Question 2

Evaluate the effectiveness of National Income as a measure of economic well-being compared to other indicators such as HDI (Human Development Index).

💡 Hint: Reflect on the qualitative aspects of well-being.

Challenge and get performance evaluation