Which of the following terms refers to income that is saved and not invested ?

Related Mcqs:

1. The World Bank’s GNP per capita classification for low income middle income and high income countries respectively is ?

   A. less than $900, $900-$9000 and more than $9000
   B. less than $5000, $5000-$15000 and more than $15000
   C. less than $100, $100-$1000 and more than $1000
   D. less than $5000, $5000-$150000 and more than $150000

2. A tax for which high income taxpayers pay a smaller fraction of their income than do low income taxpayers is known as ?

   A. a proportional tax
   B. a regressive tax
   C. an equitable tax
   D. a progressive tax

3. If the income tax rate changes from 30% to 40% on income over Rs30,000 and a person’s income is Rs 31,000 then her marginal tax rate is ?

   A. 30%
   B. 10%
   C. 70%
   D. 40%

4. Traditionally companies have defined their business in product terms or in technological terms however mission statements should be all of the following EXCEPT ?

   A. market oriented
   B. a statement of religion
   C. motivating
   D. based on distinctive competencies

5. Which of the following are low income countries income country ?

   A. Canada
   B. United States
   C. Mexico
   D. Australia

6. Which of the following is true with regard to a tax on labor income? Taxes on labor income tend to encourage ?

   A. the unscrupulous to enter the underground economy
   B. the elderly to retire early.
   C. all the things described in these answers.
   D. second earners to stay home.
   E. workers to work fewer hours

7. Mariam earns more than Seamus and she came by her income fairly and honestly which of the following political philosophies would argue against the redistribution of income from Mariam to Seamus ?

   A. all of these answers
   B. libertarianism
   C. utilitarianism
   D. none of these answers

8. Gross National income is always more than Net National income because it includes ?

   A. Foreign income
   B. Capital consumption allowance
   C. Indirect taxes
   D. Direct taxes

9. National income refers to ?

   A. Money value of goods and and services produced in a country during a year.
   B. Money value of stocks and shares of a country during a year.
   C. Money value of capital goods produced by a country during a year.
   D. None of these

10. In 1990, during the Persian Gulf War, the U.S government extended generous terms to two middle-income countries by canceling or reducing their debt The two countries were ?

    A. Iraq and Iran
    B. Egypt and Poland
    C. Pakistan and Afghanistan
    D. Saudi Arabia and Jordan