Real GNP measures income ?

Related Mcqs:

1. The World Bank’s GNP per capita classification for low income middle income and high income countries respectively is ?

   A. less than $900, $900-$9000 and more than $9000
   B. less than $5000, $5000-$15000 and more than $15000
   C. less than $100, $100-$1000 and more than $1000
   D. less than $5000, $5000-$150000 and more than $150000

2. Because in-kind transfers are not accounted for in standard measures of income distribution the standard measures of income distribution ?

   A. accurately represent the true inequality of living standards
   B. understate the inequality of living standards
   C. exaggerate the inequality of living standards
   D. could exaggerate of understate the inequality of living standards depending on whether the transfers are goods or services.

3. Nominal GNP measures income ?

   A. At the present time
   B. corrected for tax changes
   C. corrected for changes in interest rates
   D. At current prices

4. Assume that the real income of developing Island increases from $120,000 to $160,000 from 2005 to 2006 while its population expands from 1000 to 1100 during the same period Real income per capita has increased by about ?

   A. $145
   B. $40,000
   C. $25
   D. $100

5. Tuvalu is composed of 9 coral atolls along a 360-mile chain in Polynesia They gained independence in 1978 The former Ellice Island are home to 9,700 people if GNP of Tuvalu is $300 million in 2005 GNP per capital is ?

   A. 9700 (1978 / 2005)
   B. 300 / 360
   C. 300 000 000 / 9700
   D. 32.333

6. If GNP for Vatican City the smallest country in the world is 200 million euros in year 2011 and its population is 890 GNP per capita is_____________?

   A. 2000 – 890
   B. 200/890
   C. 200,000,000/890
   D. 200

7. How has the relative gap between GNP per capita for Western Europe and GNP per capita for African less-developed countries changed from the late nineteenth century to the present ?

   A. declined
   B. increased
   C. remained the same
   D. cannot be determined

8. If in Pakistan real GDP/person in 2004 is Rs18,073 and real GDP/person is 2005 is Rs18,635 What is the growth rate of real output per person over this period ?

   A. 3.1 percent
   B. 3.0 percent
   C. 18.6 percent
   D. 18.0 percent

9. Real GNP is a crude measure of national welfare because it excludes ?

   A. consumption
   B. investment
   C. exports
   D. work in the home

10. When real income increases other things equal we can expect the demand for real money holdings to ?

    A. fall
    B. not change
    C. increase
    D. None of these