5 Questions
Which measure of national income and output is specifically concerned with counting the total amount of goods and services produced within the economy and by various sectors?
Gross Domestic Product (GDP)
Which measure of national income and output is defined as the total income of the nation and restricts the goods and services that are counted?
Gross National Product (GNP)
Which measure of national income and output attempts to include bartered goods by imputing monetary values to them?
Net National Income (NNI)
Which measure of national income and output is adjusted for natural resource depletion?
Adjusted National Income (NNI adjusted for natural resource depletion)
Which measure of national income and output counts only goods and services that are exchanged for money, excluding bartered goods?
Gross Domestic Product (GDP)
Test your knowledge of national income and output measures in economics. Learn about GDP, GNP, NNI, and NNI adjusted for natural resource depletion. Explore how these measures estimate total economic activity in a country or region.
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