Page 62 - Macroeconomics. book docx_Neat

C. GDP minus GNP

D. Income minus spending

6. GDP excludes:
A. Transfer payments

B. Wages

C. Profits
D. Rent

7. GNP differs from GDP because it includes:

A. Domestic output

B. Government spending
C. Depreciation

D. Income from abroad

8. Net Factor Income from Abroad refers to:

A. Net exports

B. Net investment

C. Government revenue

D. Income flows across borders

9. Services are:

A. Included in GDP
B. Excluded from GDP

C. Intermediate goods

D. Transfers

10. Final goods are goods:
A. Used in production

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