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
Gross National Product equals:
Net National Product adjusted for inflation
Gross Domestic Product adjusted for inflation
Gross Domestic Product plus net property income from abroad
Net National Product plus net property income from abroad
Value added is
The final cost of producing a good
The difference between a firm's sales and its purchases of inputs to the production process
The final value of the good
All the above
National Income is
Net National Product – Indirect Taxes + Subsidies
Gross National Product Direct Taxes
Gross Domestic Product Imports
Net Domestic Product + Products
The special feature of GDP includes
The value of new goods
The value of record hand goods
Demand of goods
Supply of goods
The growth of an economy is indicated by an
Increase in general prices
Increase in national income
Increase in savings
Increase in investment
The total money value of final goods and services produced in the country excluding depreciation is called
NDP
GDP
NNP
GNP
Net National Product equals
Gross National Product adjusted for inflation
Gross National Product minus depreciation
The per capita income of an economy can be calculated by
Dividing GDP by population
Dividing GNP by population
Multiplying GNP by population
Dividing GNP by number of people employed
