Depreciation measures
The total number of inputs used in production
The amount of capital that has been used in a year
Government payments to individuals that are not made in exchange for goods or services supplied
All of the above
The special feature of GDP includes
The value of new goods
The value of record hand goods
Demand of goods
Supply of goods
In order to avoid ____, when calculating GDP, one should include only the final goods and exclude the intermediate goods that are used in the production.
Inflation
Status beat bias
Double counting
Value added
The total money value of final goods and services produced in the country excluding depreciation is called
NDP
GDP
NNP
GNP
Which of the following is GDP at current prices?
Nominal GDP
Real GDP
Inflationary GDP
Value added GDP
National Income is
Net National Product – Indirect Taxes + Subsidies
Gross National Product Direct Taxes
Gross Domestic Product Imports
Net Domestic Product + Products
Which of the following is an index of the volume or quantity of goods and services provided?
GDP deflator
CPI
PPI
The growth of an economy is indicated by an
Increase in general prices
Increase in national income
Increase in savings
Increase in investment
GDP includes
Real capital
Financial capital
Money capital
All the above
