Page 27 - Macroeconomics. book docx_Neat
P. 27
17. GNP differs from GDP because GNP includes:
A. Only domestic production
B. Imports only
C. Government transfers
D. Income earned abroad by citizens
Answer: D
18. Value added helps to avoid:
A. Inflation
B. Taxation
C. Unemployment
D. Double counting
Answer: D
19. Measuring aggregate economic activity helps governments to:
A. Increase prices
B. Understand economic performance
C. Reduce population
D. Control consumers
Answer: B
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