CAIE A-Level Economics 4.1.1 National income
Practise deciding what national income measures include, exclude and miss when judging output, income and living standards.
- Syllabus
- 2026–2028
- Course
- Economics 9708
- Level
- AS
Exam points
- distinguish factor incomes from transfer payments in national income accounts
- interpret how pensions, benefits or unpaid work affect measured national income
- judge when GDP is a weak measure of living standards or economic welfare
4.1.1—National income question 1
[Maximum number: 1]
What is not included in the measurement of national income?
A
dividends paid to shareholders
B
overtime payments
C
rents from government-owned houses
D
welfare benefit payments
D
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