5 Questions
Which measure is concerned with counting the total amount of goods and services produced within the economy and by various sectors?
Gross Domestic Product (GDP)
Which measure attempts to include bartered goods by imputing monetary values to them?
Gross National Product (GNP)
Which measure is defined as the total income of the nation and also restricts the goods and services that are counted?
Gross National Product (GNP)
Which measure is specially concerned with counting the total amount of goods and services produced within the economy and by various sectors?
Gross Domestic Product (GDP)
Which measure began systematic keeping of national accounts in the 1930s, in the United States and some European countries?
Gross Domestic Product (GDP)
Test your knowledge of national income and output measures used in economics, such as GDP, GNP, NNI, and NNI adjusted for natural resource depletion. Explore how these measures estimate total economic activity and the production of goods and services within the economy and by various sectors.
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