Quiz 1 (Part 2)

Quiz 1 (Part 2)

10th Grade

•

26 Qs

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Quiz 1 (Part 2)

Quiz 1 (Part 2)

Assessment

Quiz

•

Social Studies

•

10th Grade

•

Practice Problem

•

Easy

Created by

Reinzy Servito

Used 2+ times

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26 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

45 sec • 1 pt

In the Final Expenditure Approach, what does 'G' represent?

A. Gross income

C. Global trade

B. Government expenditure

D. Growth rate

2.

MULTIPLE CHOICE QUESTION

45 sec • 1 pt

 Which sector is NOT included in the Industrial Origin Approach?

A. Agriculture

B. Services

C. Entertainment

D. Industry

3.

MULTIPLE CHOICE QUESTION

45 sec • 1 pt

How is the growth rate of GNP calculated?

A. Present year GNP × Previous year GNP

B. (Present year GNP - Previous year GNP) ÷ Previous year GNP × 100

C. Present year GNP ÷ Previous year GNP

D. Present year GNP + Previous year GNP

4.

MULTIPLE CHOICE QUESTION

45 sec • 1 pt

Which type of GNP represents the economy's goal for a year?

A. Actual GNP

B. Nominal GNP

C. Real GNP

D. Potential GNP

5.

MULTIPLE CHOICE QUESTION

45 sec • 1 pt

What is Capital Consumption Allowance (CCA)?

A. Employee benefits

B. Government subsidies

C. Depreciation fund for new machinery

D. Tax allowances

6.

MULTIPLE CHOICE QUESTION

45 sec • 1 pt

                                                                                                                                                                       In the factor income approach, what comprises National Income?

A. Only employee wages

B. Only corporate profits

C. Rent, wages, interest, and profit combined

D. Government revenue alone

7.

MULTIPLE CHOICE QUESTION

45 sec • 1 pt

What is the purpose of Statistical Discrepancy (SD) in GNP calculations?

A. To account for measurement errors

B. To calculate tax rates

C. To measure inflation

D. To track exports

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