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CAIE A-Level Economics 4.1 National Income Statistics Question Bank

Practise selecting items for national income, converting GDP between basic and market prices and moving from gross to net or domestic to national measures.

Syllabus
2026–2028
Course
Economics 9708
Level
AS

Exam points

  • exclude transfers and unpaid benefits while including recorded factor incomes and output
  • convert market-price GDP to basic prices by subtracting indirect taxes and adding subsidies
  • derive GNI or NNI using net overseas income and capital consumption in the correct direction

Covered syllabus points

4.1.1—National income4.1.2—GDP, GNI and NNI4.1.3—Market to basic prices4.1.4—Gross to net values

4.1 National income statistics 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

4.1 National income statistics question 2

[Maximum number: 1]

Which source of income is not included in measuring real GDP?

A

pension paid to retired people

B

profits made by firms

C

rent paid to landlords

D

wages paid to nurses

4.1 National income statistics question 3

[Maximum number: 1]

The table shows selected statistics for a country.

Table for Question 4.1 National income statistics question 3 — CAIE A-Level Economics AS

What is the value of gross domestic product at basic prices?

A

$ 500 bn

B

$ 550 bn

C

$ 650 bn

D

$ 700 bn

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