National Income Measurement Quiz

Total money income received by individuals and households of a country from all possible sources before direct taxes

Total value of output of goods and services produced by the factors of production within the geographical boundaries of the country

Total value of goods and services produced by the factors of production within the geographical boundaries of the country

Total value of goods and services produced and income received in a year by domestic residents of a country, including profits earned from capital invested abroad (correct)

Obtained from the Gross Domestic Product by deducting the quantum of tear and wear expenses (depreciation) (correct)

Total value of output of goods and services produced by the factors of production within the geographical boundaries of the country

Total money income received by individuals and households of a country from all possible sources before direct taxes

Total value of goods and services produced and income received in a year by domestic residents of a country, including profits earned from capital invested abroad

$NNP = GDP - Depreciation$

$NNP = GNP - Depreciation$ (correct)

$NNP = GDP + Depreciation$

$NNP = GNP + Depreciation$

<p>Indicator to show the living standard of people in a country, obtained by dividing the National Income by the population</p> Signup and view all the answers

<p>Total money income received by individuals and households of a country from all possible sources before direct taxes</p> Signup and view all the answers