National Income Statistics Quiz
Authored by Maya Kharishma
Other
11th Grade
Used 6+ times
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10 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the total output produced in a country in a given time period known as?
National Income
Net National Product
Gross National Product
Gross Domestic Product
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
How can Gross Domestic Product (GDP) be measured?
Output, Expenditure, and Income methods
Expenditure, Income, and Output methods
Output, Income, and Expenditure methods
Income, Output, and Expenditure methods
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which method of measuring GDP directly measures all the factor payments earned in producing output?
Output method
Expenditure method
Factor method
Income method
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What does the expenditure method of measuring GDP total up?
All factor payments earned in producing output
All income earned in a given time period
All output produced in a country
All spending on domestically produced products
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which statistic involves the total output produced in a country in a given time period?
Gross National Product
National Income
Net National Product
Gross Domestic Product
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the primary method of measuring GDP that directly measures all the factor payments earned in producing output?
Output method
Expenditure method
Factor method
Income method
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which method of measuring GDP involves totaling up all spending on domestically produced products?
All factor payments earned in producing output
All income earned in a given time period
All output produced in a country
All spending on domestically produced products
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