Economics 9708 · AS & A Level · National income statistics

National income statistics — practice question

The table presents estimates made when a train drivers’ strike ended. (Items: train companies’ lost ticket revenue $600,000; strikers’ extra leisure time valued at $20,000; government tax revenue lost $40,000; police overtime payments $30,000.) By how much did the strike lower the measured level of national income?

  • A$570000
  • B$610000
  • C$640000
  • D$690000

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