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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.
- Direct taxes
- Subsidies
- Net factor income from abroad
2) The sector that has the greatest contribution to the GNP using the value added/industrial origin approach is ____?
- industry sector
- services sector
- manufacturing sector
- agricultural sector
3) Which of the following would be included in a year's GDP?
- A college professor purchases a new computer.
- A man buys an antiques table from his neighbor.
- Nina cleans her household upholstery.
4) An example of a service counted in this year's GDP is _?_
- hiring a gardener to weed your garden.
- cleaning your house.
- 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 _?_
- included in GDP.
- not counted in GDP.
- counted in GDP as public investment.
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