National Income Statistics Quiz by Shubhrata Shrestha | May 25, 2025 | 0 comments National Income Statistics Quiz 1. What does Gross Domestic Product (GDP) primarily measure? A. Net income from abroad B. Total value of goods and services produced within a country C. Depreciation on capital goods D. Income received by residents from foreign assets None 2. Which of the following is added to GDP to calculate GNI? A. Depreciation B. Exports C. Net income from abroad D. Indirect taxes None 3. If GDP = $500 billion and net income from abroad = $20 billion, what is GNI? A. $480 billion B. $500 billion C. $520 billion D. $540 billion None 4. What adjustment is made to GNI to calculate Net National Income (NNI)? A. Add taxes B. Subtract exports C. Subtract depreciation D. Add subsidies None 5. Which of the following best defines basic prices? A. Prices including taxes and excluding subsidies B. Prices paid by final consumers C. Prices excluding taxes and including subsidies D. Prices before inflation None 6. What is the formula to adjust from market price to basic price? A. Market Price + Taxes - Subsidies B. Market Price - Taxes + Subsidies C. GDP - Imports D. Basic Price + Depreciation None 7. A country’s GDP is $700 billion and depreciation is $50 billion. What is its Net Domestic Product (NDP)? A. $650 billion B. $750 billion C. $700 billion D. $600 billion None 8. Which component is NOT included when calculating GDP using the expenditure approach? A. Consumer spending B. Investment C. Transfer payments D. Government spending None 9. Which of the following is considered part of depreciation? A. Tax rebates B. Wear and tear of capital assets C. Net exports D. Import duties None 10. Why is NNI considered a more accurate indicator than GNI? A. It includes global trade balances B. It reflects income including subsidies C. It removes depreciation, showing sustainable income D. It excludes net income from abroad None Time's up Submit a Comment Cancel replyYour email address will not be published. Required fields are marked *Comment * Name * Email * Website Save my name, email, and website in this browser for the next time I comment. Δ
