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#1. The income earned by individuals and businesses that is not used for consumption or taxes is known as:
#2. Gross National Income (GNI) is equal to:
#3. Which of the following is a component of gross private domestic investment?
#4. Gross National Income (GNI) is equal to:
#5. If a country's GDP is $500 billion, and its population is 100 million, what is the per capita GDP?
#6. In the national income accounts, indirect taxes minus subsidies are known as:
#7. Which of the following is considered an intermediate good?
#8. Which of the following is included in the calculation of Gross National Product (GNP) but not in Gross Domestic Product (GDP)?
#9. Which of the following is a component of gross private domestic investment?
#10. What is the formula for calculating GDP using the expenditure approach?
#11. What is the primary measure of national income?
#12. Which of the following is NOT a limitation of using GDP as a measure of economic welfare?
#13. Which of the following is an example of government transfer payments?
#14. Which of the following is NOT a limitation of using GDP as a measure of economic welfare?
#15. Which of the following is NOT included in the calculation of GDP?
#16. The sum of all final goods and services produced within a country's borders in a specific time period is known as:
#17. The sum of all final goods and services produced within a country's borders in a specific time period is known as:
#18. 17. Which of the following is an example of government transfer payments?
#19. If a country's GDP is $500 billion, and its population is 100 million, what is the per capita GDP?
#20. If a country's GDP increases while its population decreases, what is likely to happen to the per capita GDP?
#21. Which component of national income represents the total income earned by residents of a country, including income from abroad?
#22. What is the formula for calculating GDP using the expenditure approach?
#23. Which of the following is an example of a transfer payment?
#24. If a country's GDP increases while its population decreases, what is likely to happen to the per capita GDP?
#25. National income accounting measures the:
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