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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?
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?
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?
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?
Which measure is specially concerned with counting the total amount of goods and services produced within the economy and by various sectors?
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Which measure began systematic keeping of national accounts in the 1930s, in the United States and some European countries?
Which measure began systematic keeping of national accounts in the 1930s, in the United States and some European countries?
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