To adjust from Gross National Product to Net National Product ?

Related Mcqs:

1. Pakistan’s Gross Domestic Product (in contrast to Gross National Product) measures the production and income of ?

   A. Pakistan -owned firms no matter where they are located in the world
   B. The domestic manufacturing sector only
   C. The domestic service sector only
   D. People and factories located within the borders of the Pakistan
   E. none of these answers

2. Gross National income is always more than Net National income because it includes ?

   A. Foreign income
   B. Capital consumption allowance
   C. Indirect taxes
   D. Direct taxes

3. A company is in the ________ stage of the new product development process when the company develops the product concept into a physical product in order to assure that the product idea can be turned into a workable product ?

   A. product development
   B. commercialization
   C. marketing strategy
   D. business analysis

4. In the calculation of gross domestic product net exports are ?

   A. the sum of merchandise trade and services
   B. the current account plus long-term capital
   C. the value of merchandise exports minus imports
   D. short-term capital plus the basic balance

5. Gross National Product equals ?

   A. Net National Product adjusted for inflation
   B. Gross Domestic Product adjusted for inflation
   C. Gross Domestic Product plus net property income from abroad
   D. Net National Product plus net property income from abroad

6. Which of the following is not required while computing Gross National Product (GNP) ?

   A. Net foreign investment
   B. Private investment
   C. Per capita income of citizens
   D. None of the above

7. For the United states, exports plus imports are about _____ of its gross national product?

   A. 5 percent
   B. 10 percent
   C. 25 percent
   D. 55 percent

8. Country with the largest GNP (Gross National Product) is:________?

   A. China
   B. Germany
   C. Japan
   D. United States

   Submitted by: Ali Mallah

9. If the total product of two workers is 80 and the total product of 3 workers is 90 then the average product of the third worker is ________ and the marginal product of the third worker is _________?

   A. 160; 270
   B. 10; 30
   C. 10; 3.33
   D. 30; 10

10. The difference between gross investment and net investment is ?

    A. depreciation of the existing capital stock
    B. productive investment
    C. dwellings
    D. inventories