WAEC Economics 2016 Objective — Question 34

Question 34 of 50 from the West African Examinations Council (WAEC) Economics 2016 Objective paper, with the correct answer and a full explanation.

34. Which of the following items is not included in the measurement of the national income using the income approach? (a) Wages and salaries (b) Government purchases (c) Interest (d) Dividend

A. Wages and salaries
B. Government purchasesCorrect
C. Interest
D. Dividend

Explanation

Government purchases is included in the expenditure approach, not the income approach; also, dividend is a transfer payment whose inclusion would cause double counting, but among the listed options Government purchases is the correct exclusion from the income approach.

Sign up free to unlock

Score tracking
Practice history
Saved questions
Progress dashboard
Personalized sessions
Weak-topic breakdown

…and/or go further with premium services and No Ads.

Create free account

More questions from Economics 2016 Objective More Economics past papers