National Income Questions and Answers

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3 answers

why an increase in per capita income may not necessarily lead to rise in the standards of living of citizens

asked Mar 9, 2022 in Business Studies Form 3 by 009

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1 answer

Using a well labeled diagram, explain the flow of income in a two sector economy

asked Aug 26, 2021 in Business Studies Form 3 by anony mous

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1 answer

Explain five reasons why citizens may experience low standards of living despite improvement in the per capita income

asked Aug 26, 2021 in Business Studies Form 3 by anony mous

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1 answer

Outline four circumstances under which per capital income statistics would be a good indicator of the welfare of the citizen of a country

asked Aug 25, 2021 in Business Studies Form 3 by anony mous

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1 answer

Identify four factors that affect the circular flow of income

asked Aug 25, 2021 in Business Studies Form 3 by anony mous

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1 answer

A recent economic survey showed a very big gap between the rich and the poor in Kenya Explain any five factors that could have led to this disparity in income distribution among individuals in Kenya

asked Aug 12, 2021 in Business Studies Form 3 by anony mous

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1 answer

List down four assumptions of the circular flow of income in a two sector economy

asked Aug 12, 2021 in Business Studies Form 3 by anony mous

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1 answer

Explain five uses of National Income Statistics.

asked Aug 3, 2021 in Business Studies Form 3 by anonymous

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1 answer

Highlight four factors that may lead to low level of national income.

asked Aug 3, 2021 in Business Studies Form 3 by anonymous

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1 answer

Give five limitations of using per capita income to compare the standard of living in different countries.

asked Jul 19, 2021 in Business Studies Form 4 by anonymous

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1 answer

National income under expenditure approach in arrived by adding together expenditure on all final goods and services in the economy. List down four components included in the expenditure approach.

asked Jul 16, 2021 in Business Studies Form 4 by anonymous

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1 answer

State four ways through which leakages of national income may happen in a four-sector economy

asked Jun 24, 2021 in Business Studies Form 1 by anonymous

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