ECO 13

Odd one out

• economic growth - a steady increase of national income

• employment - a low level of unemployment

• price stability - a low and stable rate of taxation

• national debt - a sustainable level of government debt

GDP

• Total value of goods in an economy

• Total value of goods and services in an economy

• total value of wages in an economy

• total value of land in an country

GNI = ?

• GDP

• GSX + net property income from abroad

• GDP + net property income from abroad

• GDP - net property income from abroad

Real GDP = Nominal GDP times the inflation rate

• true

• false

GDP per capita

• GPD / population

• GDP / population

• GDP * population

• GSS * GNI

Name two measures of economic well being other than GDP and GNI.