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National income accounting
Practice Questions

40 CXC CAPE Economics questions on National income accounting, each with instant feedback and a full examiner-style mark scheme.

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✨ Revision guide includes key terms, worked examples and exam technique for National income accounting.

Try 2 sample questions on National income accounting

Question 1 · 1 mark · Difficulty 1/3

Why does the output method use value added rather than total sales?

  1. Total sales figures are not published by firms
  2. Total sales include transfer payments
  3. Value added is easier to calculate than total sales
  4. Using total sales would count the same inputs repeatedly
Show answer & explanation
✓ Answer: D — Using total sales would count the same inputs repeatedly
Award 1 mark. A bakery's flour would be counted once when the miller sold it and again inside the finished loaf.
Question 2 · 1 mark · Difficulty 1/3

Why are transfer payments excluded from national income?

  1. They are already counted within consumption
  2. They are too small to affect the total
  3. They are paid by government rather than by firms
  4. No output was produced in return for them
Show answer & explanation
✓ Answer: D — No output was produced in return for them
Award 1 mark. A pension or benefit redistributes existing income rather than paying for production.
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20 questions · 25 min · free

CXC CAPE Economics: National income accounting FAQ

Is Kramizo free for CXC CAPE students preparing for Economics?
Yes — completely free. Every student gets 45 questions a day on the free plan, with no card required and no trial countdown. That free quota works across every subject and every topic in our bank, so you can mix National income accounting practice with other Economics topics or even switch to a totally different CXC CAPE subject without paying anything. Kramizo's optional Pro plan removes the daily cap and adds detailed progress analytics, but the free tier is the real product — used by thousands of GCSE, IGCSE and CSEC students.
Are the National income accounting questions aligned to the official CXC CAPE Economics syllabus?
Every question is written against the published CXC CAPE Economics specification, including the exact command words (state, describe, explain, calculate, evaluate, etc.), mark allocations, and difficulty tier you'd see on a real CXC CAPE paper. Explanations are written in the style of official examiner mark schemes — they tell you what is being awarded marks and why distractors are wrong, not just whether you got it right. The bank is continually refined to match the latest syllabus updates from CXC CAPE.
How is National income accounting typically tested on CXC CAPE Economics papers?
National income accounting appears across multiple question types on real CXC CAPE Economics papers — most commonly as multiple-choice questions in the objective section, structured short-answer questions in the main paper, and occasionally as part of an extended response. Kramizo's practice bank reflects that mix: 4-option MCQs, true/false statements, fill-in-the-blank key terms, multi-select questions, and ordering questions. Working through the bank gives you exposure to every question style examiners actually use.

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