A-Level - National Income Statistics

What cannot be measured to find a country’s GDP?

• A. expenditure

• B. income

• C. output

• D. wealth

What is included in net property income from abroad?

• A. compensation of employees

• B. interest

• C. subsidies

• D. taxes

What would it mean if GDP at basic prices is of a higher value than GNI at basic prices?

• A. capital goods exceed consumer goods

• B. net exports are negative

• C. net income from abroad is negative

• D. taxation on products exceeds subsidies

Five people lose their jobs. Each was paid $40,000 a year.

One gains a new job paying $45,000, another gets a new job paying $38,000 and a third gets a new job paying $25,000.

Two of the workers do not get another job. One retires, receiving a state pension of $12,000 and the other unemployment benefit of $8,000.

What is the resulting change in GDP?

• A. minus $108 000

• B. minus $92 000

• C. minus $72 000

• D. minus $20 000

An economy’s GDP is $640bn.

Its consumer expenditure is $490bn, its government spending is $100bn, its investment is $80bn and its exports are $50bn.

What is the value of its imports?

• A. $20bn

• B. $30bn

• C. $50bn

• D. $80bn