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4906

The following data relates to the national income of a country.
Gross domestic product = $2800
Net factor income from abroad =$250
Depreciation = $700
Indirect taxes = $120 Use it to answer questions 31 and 32 What is the country's Gross National Product (GNP)?

 

  • A. $2,680
  • B. $2,100
  • C. $2,350
  • D. $3,050
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4907

What is the country's Net National Product (NNP) at factor cost?

 

  • A. $2,220
  • B. $2,230
  • C. $3,050
  • D. $2,680
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4908

The standard of living in two countries can be compared using the

 

 

  • A. gross national product per head
  • B. number of industries in each country
  • C. size of their national incomes only
  • D. size of their arms and ammunition
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4909

Government can curb inflation by

 

  • A. increasing her own expenditure
  • B. selling securities in the open market
  • C. buying treasury bills in the open market
  • D. encouraging banks to lend for may purpose
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4910

Functions of money does not include

 

  • A. standard of deferred payment
  • B. medium of exchange
  • C. general acceptability
  • D. store of value
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