Gross Domestic Product is the sum of the market value of the
Measuring A Nation's Income-A

Quiz
•
Business, Other
•
University
•
Medium
Shereen Bacheer
Used 278+ times
FREE Resource
5 questions
Show all answers
1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
intermediate goods.
final goods and services
manufactured goods
inferior goods and services
normal goods and services.
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
For an economy as a whole, income equals expenditure because the income of the seller must be equal to the expenditure of the buyer.
True
False
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
The production of an apple contributes more to GDP than the production of a gold ring because food is necessary for life itself
True
False
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
An example of a transfer payment is
profit
rent
unemployment benefits
government purchases
wages
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
New home construction is included in the consumption component of GDP.
True
False
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