Page 63 - Macroeconomics. book docx_Neat

B. Purchased for final use

C. Exported only

D. Imported only

11. The output approach focuses mainly on:

A. Demand

B. Income distribution
C. Production

D. Consumption

12. GDP is measured over:

A. One day
B. One month

C. A specific period

D. An unlimited period

13. Double counting leads to:

A. Underestimation

B. Accurate measurement

C. Overestimation
D. No change

14. GNP is useful for analyzing:
A. Domestic location

B. National income of residents

C. Government spending

D. Inflation

15. The value added method helps to:

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