GDP and Factor Incomes Quiz
4 Questions
0 Views

Choose a study mode

Play Quiz
Study Flashcards
Spaced Repetition
Chat to lesson

Podcast

Play an AI-generated podcast conversation about this lesson

Questions and Answers

What does GDP (Domestic Income) represent?

  • The sum total of government expenditure within the Domestic Territory of a country during the period of an accounting year
  • The sum total of factor incomes generated within the Domestic Territory of a country during the period of an accounting year (correct)
  • The sum total of exports and imports within the Domestic Territory of a country during the period of an accounting year
  • The sum total of consumer spending within the Domestic Territory of a country during the period of an accounting year
  • What does GDP include?

  • Factor Income only (correct)
  • Imports and exports only
  • Government expenditure only
  • Consumption expenditure only
  • When does GDP account for income generation?

  • During a calendar month
  • During a financial quarter
  • During the period of an accounting year (correct)
  • During a fiscal year
  • Where does GDP account for income generation?

    <p>Within the domestic territory of a country</p> Signup and view all the answers

    More Like This

    Economic Growth Factors Quiz
    5 questions
    GDP and its Factors
    8 questions

    GDP and its Factors

    DeadOnProsperity avatar
    DeadOnProsperity
    Macroeconomics Quiz on National Income Aggregates
    8 questions
    Use Quizgecko on...
    Browser
    Browser