Macroeconomics and National Income Quiz

GDP measures the output of all final goods and services while NDP measures only the output of goods and services produced by domestic residents

NDP measures the output of all final goods and services while GDP measures only the output of goods and services produced by domestic residents

NDP includes depreciation while GDP does not (correct)

GDP includes foreign income while NDP does not

GNP includes foreign income while NNP does not

GNP measures the output of all final goods and services while NNP measures only the output of goods and services produced by domestic residents

NNP includes depreciation while GNP does not (correct)

NNP measures the output of all final goods and services while GNP measures only the output of goods and services produced by domestic residents

Personal disposable income includes transfer payments while disposable income does not (correct)

Disposable income includes transfer payments while personal disposable income does not

Disposable income is the income left after taxes while personal disposable income is the income before taxes

Personal disposable income is the income left after taxes while disposable income is the income before taxes