BMF – May 2017 – L1 – SA – Q5 – The Business Environment

Multiple-choice question on the concept describing changes in national income over time.

Question

Which of the following describes how the national income of a country increases or falls from one year to the next?
A. Economic learning curve
B. Economic recession
C. Economic development
D. Economic trends
E. Economic cycle

Answer

Answer:
D

Explanation:
“Economic trends” refer to the general movement or direction of economic indicators such as national income, GDP, and others over time. This option best describes the consistent increase or decrease in national income from one year to the next.

Tags: Economic Indicators, Economic Trends, National Income
Level: Level 1

Topic: The Business Environment
Series: MAY 2017

Uploader: Kwame Aikins