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NatEcon_ex2

Authored by Abdulaziz Ashurov

Social Studies

12th Grade

Used 1+ times

NatEcon_ex2
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16 questions

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1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which income is personal income less personal taxes (personal Income taxes, personal property taxes, and inheritance taxes)?

Personal income

National income

Net income

Disposable income

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

How many components of GDP are there?

3

5

2

4

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

The national income accounts provide a basis for appropriate public policies to improve ___.

political performance

social performance

educational performance

economic performance

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which component of GDP is explained by the following quote: "Spending by households on goods and services, not including spending on new houses."

Investment

Government purchase

Net exports

Consumption

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

How many types are there for the economic growth?

3

4

2

5

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

GDP is measured using ___, not quantities

strict rules

market values

predefined prices

assumptions

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which component of GDP is explained by the following quote: "Exports minus imports."

Consumption

Investment

Net exports

Government purchase

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