3 Questions
What is the difference between GDP and NDP?
NDP includes depreciation while GDP does not
What is the difference between GNP and NNP?
NNP includes depreciation while GNP does not
What is the difference between personal disposable income and disposable income?
Personal disposable income includes transfer payments while disposable income does not
Test your knowledge of macroeconomics and national income with this comprehensive quiz. Explore the nature and scope of macroeconomics, the circular flow of income, and national income accounting. Dive into concepts such as GDP, NDP, GNP, NNP, factor cost, per capita income, disposable income, and personal disposable income. Practice your sectoral composition of national income skills and learn to measure GDP at factor price and constant prices. Take this quiz to enhance your understanding of macroeconomics and national
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