CHAPTER 2

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NATIONAL INCOME ACCOUNTING

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CHAPTER 2Versión en línea NATIONAL INCOME ACCOUNTING por arianniii 1 Which of the following is included in the primary sector? a Agriculture b Government services c Construction d Internet services 2 Which of the following belongs to the tertiary sector? a Agriculture and forestry b Quarrying and mining c Transport and storage d Fishing industry 3 The secondary sector consists mainly of : a Manufacturing and construction b Banking and insurance c Agriculture and forestry d Education services 4 The difference between GDP and GNP is : a GDP includes depreciation b GNP includes net factor income from abroad c GNP excludes government expenditure d GDP only counts exports 5 Which of the following measures a country's economic output without adjusting for inflation? a Real GDP b Nominal GDP c Disposable income d Net factor income 6 Which method measures national income by summing factor payments such as wages, rent, interest, and profit? a Income method b Product method c Expenditure method d Value-added tax method 7 Per capita income is calculated as : a National Income ÷ Total Population b GNP ÷ Real GDP c GDP ÷ Imports d Total Population ÷ Disposable Income 8 Gross Domestic Product (GDP) is defined as : a The value of intermediate goods only b The total final value of goods & services produced within a country in one year c The total income received by citizens abroad d Imports minus exports 9 Gross National Product (GNP) is : a GDPplus net factor income from abroad b GDP minus depreciation c GDP plus retained earnings d GDP plus government subsidies 10 Net National Product (NNP) is obtained by : a GNP - Depreciation b GDP - Imports c NI - Subsidies d

CHAPTER 2Versión en línea

NATIONAL INCOME ACCOUNTING

por arianniii

Which of the following is included in the primary sector?

Agriculture

Government services

Construction

Internet services

Which of the following belongs to the tertiary sector?

Agriculture and forestry

Quarrying and mining

Transport and storage

Fishing industry

The secondary sector consists mainly of :

Manufacturing and construction

Banking and insurance

Agriculture and forestry

Education services

The difference between GDP and GNP is :

GDP includes depreciation

GNP includes net factor income from abroad

GNP excludes government expenditure

GDP only counts exports

Which of the following measures a country's economic output without adjusting for inflation?

Real GDP

Nominal GDP

Disposable income

Net factor income

Which method measures national income by summing factor payments such as wages, rent, interest, and profit?

Income method

Product method

Expenditure method

Value-added tax method

Per capita income is calculated as :

National Income ÷ Total Population

GNP ÷ Real GDP

GDP ÷ Imports

Total Population ÷ Disposable Income

Gross Domestic Product (GDP) is defined as :

The value of intermediate goods only

The total final value of goods & services produced within a country in one year

The total income received by citizens abroad

Imports minus exports

Gross National Product (GNP) is :

GDPplus net factor income from abroad

GDP minus depreciation

GDP plus retained earnings

GDP plus government subsidies

Net National Product (NNP) is obtained by :

GNP - Depreciation

GDP - Imports

NI - Subsidies

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CHAPTER 2

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CHAPTER 2Versión en línea

por arianniii

Which of the following is included in the primary sector?

Which of the following belongs to the tertiary sector?

The secondary sector consists mainly of :

The difference between GDP and GNP is :

Which of the following measures a country's economic output without adjusting for inflation?

Which method measures national income by summing factor payments such as wages, rent, interest, and profit?

Per capita income is calculated as :

Gross Domestic Product (GDP) is defined as :

Gross National Product (GNP) is :

Net National Product (NNP) is obtained by :

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