National Income and Output Measures Quiz
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National Income and Output Measures Quiz

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Questions and Answers

Which measure is concerned with counting the total amount of goods and services produced within the economy and by various sectors?

  • Adjusted National Income (NNI adjusted for natural resource depletion)
  • Net National Income (NNI)
  • Gross Domestic Product (GDP) (correct)
  • Gross National Product (GNP)

    • Which measure attempts to include bartered goods by imputing monetary values to them?

  • Gross Domestic Product (GDP)
  • Net National Income (NNI)
  • Gross National Product (GNP) (correct)
  • Adjusted National Income (NNI adjusted for natural resource depletion)

    • Which measure is defined as the total income of the nation and also restricts the goods and services that are counted?

  • Gross Domestic Product (GDP)
  • Net National Income (NNI)
  • Gross National Product (GNP) (correct)
  • Adjusted National Income (NNI adjusted for natural resource depletion)

    • Which measure is specially concerned with counting the total amount of goods and services produced within the economy and by various sectors?

    <p>Gross Domestic Product (GDP)</p> Signup and view all the answers

    Which measure began systematic keeping of national accounts in the 1930s, in the United States and some European countries?

    <p>Gross Domestic Product (GDP)</p> Signup and view all the answers

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