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Choose the NUMBER of the BEST answer: 1) _____ differentiates gross national product from the gross domestic product. Direct taxes Subsidies Net factor income from

Choose the NUMBER of the BEST answer:

1) _____ differentiates gross national product from the gross domestic product.

  1. Direct taxes
  2. Subsidies
  3. Net factor income from abroad

2) The sector that has the greatest contribution to the GNP using the value added/industrial origin approach is ____?

  1. industry sector
  2. services sector
  3. manufacturing sector
  4. agricultural sector

3) Which of the following would be included in a year's GDP?

  1. A college professor purchases a new computer.
  2. A man buys an antiques table from his neighbor.
  3. Nina cleans her household upholstery.

4) An example of a service counted in this year's GDP is _?_

  1. hiring a gardener to weed your garden.
  2. cleaning your house.
  3. buying shampoo to give your pet a bath.

5) Assume that a privately-owned telecommunications company built a new plant this year, the value of the new plant is _?_

  1. included in GDP.
  2. not counted in GDP.
  3. counted in GDP as public investment.

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