Home › Quizzes › GDP and Net National Product (NNP)

GDP and Net National Product (NNP)

This quiz covers the concepts and calculations related to Gross Domestic Product (GDP) and Net National Product (NNP) in the context of Indian Economics.

15 Questions Published
Play Quiz Practise this topic out loud

Questions

Question 1 Multiple Choice (Single Answer)

What is the primary measure of the economic activity and output of a country?

  1. Gross Domestic Product (GDP)
  2. Net National Product (NNP)
  3. Gross National Product (GNP)
  4. National Income
Question 2 Multiple Choice (Single Answer)

Which of the following is NOT a component of GDP?

  1. Consumption
  2. Investment
  3. Government spending
  4. Net exports
Question 3 Multiple Choice (Single Answer)

What is the difference between GDP and NNP?

  1. GDP includes depreciation while NNP does not
  2. NNP includes depreciation while GDP does not
  3. GDP includes net factor income from abroad while NNP does not
  4. NNP includes net factor income from abroad while GDP does not
Question 4 Multiple Choice (Single Answer)

NNP at market prices is also known as:

  1. GDP at market prices
  2. GDP at factor cost
  3. NNP at factor cost
  4. None of the above
Question 5 Multiple Choice (Single Answer)

Which of the following is NOT a method for calculating GDP?

  1. Production approach
  2. Income approach
  3. Expenditure approach
  4. Value-added approach
Question 6 Multiple Choice (Single Answer)

The production approach to calculating GDP involves:

  1. Adding up the value of all goods and services produced in a country
  2. Adding up the incomes of all individuals and businesses in a country
  3. Adding up the expenditures of all individuals and businesses in a country
  4. None of the above
Question 7 Multiple Choice (Single Answer)

The income approach to calculating GDP involves:

  1. Adding up the value of all goods and services produced in a country
  2. Adding up the incomes of all individuals and businesses in a country
  3. Adding up the expenditures of all individuals and businesses in a country
  4. None of the above
Question 8 Multiple Choice (Single Answer)

The expenditure approach to calculating GDP involves:

  1. Adding up the value of all goods and services produced in a country
  2. Adding up the incomes of all individuals and businesses in a country
  3. Adding up the expenditures of all individuals and businesses in a country
  4. None of the above
Question 9 Multiple Choice (Single Answer)

Which of the following is NOT a component of NNP?

  1. Consumption
  2. Investment
  3. Government spending
  4. Net exports
Question 10 Multiple Choice (Single Answer)

What is the relationship between GDP and NNP?

  1. GDP = NNP + Depreciation
  2. GDP = NNP - Depreciation
  3. GDP = NNP + Net factor income from abroad
  4. GDP = NNP - Net factor income from abroad
Question 11 Multiple Choice (Single Answer)

Which of the following is NOT a factor that can affect GDP?

  1. Changes in government policies
  2. Changes in consumer spending
  3. Changes in investment
  4. Changes in technology
Question 12 Multiple Choice (Single Answer)

Which of the following is NOT a factor that can affect NNP?

  1. Changes in government policies
  2. Changes in consumer spending
  3. Changes in investment
  4. Changes in the price level
Question 13 Multiple Choice (Single Answer)

Which of the following is NOT a component of national income?

  1. Compensation of employees
  2. Proprietor's income
  3. Rental income of persons
  4. Corporate profits
Question 14 Multiple Choice (Single Answer)

Which of the following is NOT a component of personal income?

  1. Compensation of employees
  2. Proprietor's income
  3. Rental income of persons
  4. Interest income
Question 15 Multiple Choice (Single Answer)

Which of the following is NOT a component of disposable personal income?

  1. Personal income
  2. Personal taxes
  3. Personal saving
  4. Personal consumption expenditures
← Back to Quizzes