A-LevelEconomicsThe macroeconomy9708/31 · Oct/Nov 2017 · Q241 Mark

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[1]

Mark scheme

Marking points from the official mark scheme (Oct/Nov 2017). The mark or mark type is shown in brackets.

On Oracle Prep you can write or photograph your own answer and have it marked by AI against this mark scheme, with feedback on what you missed.

Topic: The macroeconomy, A-Level Economics (syllabus 9708). Structured question, 1 mark.
Source: A-Level Economics, Oct/Nov 2017 Paper 3 Variant 1, question 24.

Questions and mark schemes are from past examination papers and remain the copyright of the exam board. How Oracle Prep builds its content

In a closed economy with neither government expenditure nor taxation, the initial income is $2000 million. All saving…

Which combination of factors is most likely to result in economic growth?

A country's real national income per head increases. What could explain why this might be accompanied by a fall in ho…

The table shows substitution and income effects for a normal good and for an inferior good as the price of the good c…

A government imposes a $10 tax on each unit produced of a product. How will this affect the firm? A Its average cost …

According to oligopoly theory, what is not likely to characterise the behaviour of firms in the industry? A matching …