Page 38 - Macroeconomics. book docx_Neat

B. Capital

C. Land

D. Entrepreneurship

Answer: B

14. Rent is important where: A. Industry dominates B. Services dominate C.

Agriculture dominates D. Technology dominates

Answer: C

15. National income should be used with other indicators because it:

A. Is simple

B. Is complete

C. Has limitations

D. Measures welfare

Answer: C

True / False Questions

1. National income measures income earned in an economy.

Answer: True

2. National income is related to GDP.

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