National Income Statistics Quiz

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

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

Which method of measuring GDP directly measures all the factor payments earned in producing output?

• Output method

• Expenditure method

• Factor method

• Income method

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

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

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

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

What is the term for the total income earned in a given time period?

• Gross National Product

• National Income

• Net National Product

• Gross Domestic Product

What does the Human Development Index measure?

• Gross National Product

• Economic growth

• Health, knowledge, and standard of living

• Net National Product

What is the term for the total income earned in a given time period?

• Gross National Product

• National Income

• Net National Product

• Gross Domestic Product