AS Level Macroeconomy_Basics
Authored by Tirkeshmuhammet Gylyjov
Social Studies
11th Grade
Used 3+ times
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28 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What does GDP stand for?
General Domestic Product
Gross Domestic Profit
Gross Domestic Product
Gross Development Product
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which of the following is included in Gross National Income (GNI)?
Only domestic production
Net property income from abroad
Only local income
Government subsidies
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which method of measuring GDP focuses on the value of output produced?
Income method
Market method
Output method
Expenditure method
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the primary purpose of national income statistics?
To calculate tax revenue
To determine population growth
To assess economic performance
To measure inflation
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the difference between market prices and basic prices?
They are the same
Market prices are always higher
Basic prices include taxes, market prices do not
Market prices include taxes, basic prices do not
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which of the following is NOT a method of measuring GDP?
Production method
Expenditure method
Income method
Output method
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What does NNI stand for?
National Income Net
Net National Investment
National Net Income
Net National Income
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