A. intermediate production exceeds final production
B. foreigners are producing more in the Pakistan then Pakistanis are producing in foreign countries
C. real GNP exceeds nominal GNP
D. real GDP exceeds nominal GDP
Natural Resources and the Environment Toward Sustainable Development
How is your purchase in Pakistan of a Rs40,000 BMW automobile that was produced entirely in Germany recorded in the Pakistan’s GDP accounts ?
A. Consumption in increase by Rs40,000 and net export decreases by Rs40,000
B. Net exports increase by Rs40,000
C. There is no impact because this transaction does not involve domestic production
D. Investment increased by Rs40,000 and net exports increases by Rs40,000
If your grandparents buy a newly built retirement home, this transaction would affect ?
A. investment
B. net exports
C. government purchases
D. consumption
E. none of these answers
Net National Product equals ?
A. Gross National Product adjusted for inflation
B. Gross Domestic Product adjusted for inflation
C. Gross Domestic Product plus net property income from abroad
D. Gross National Product minus depreciation
The standard of living is often measured by ?
A. Real GDP per capita
B. Real GDP
C. Real GDP population
D. Real GDP plus depreciation
In a boom ?
A. Surpluses are likely to occur:
B. Prices are likely to fall
C. Supply will increase immediately to match demand
D. Shortages may occur
To adjust from Gross National Product to Net National Product ?
A. Deduct depreciation
B. Deduct indirect taxes
C. Deduct subsidies
D. Add inflation
A higher GDP per capita may not means that the quality of life has really improved because ?
A. It measures wealth not income
B. It measures Gross Domestic Product
C. It does not measure the quality of the items produced
D. It is only measured every five years:
The value of plant and equipment worn out in the process of manufacturing goods and services is measured by ?
A. intermediate production
B. Net National Product
C. Investment
D. depreciation
E. consumption
Gross Domestic Product can be measured as the sum of ?
A. final goods and services intermediate goods, transfer payments, and rent
B. consumption investment government purchases and net exports
C. consumption transfer payments. wages and profits.
D. Net National Product Gross National Product, and Disposable personal income
E. investment wages profits and intermediate production