Question 1
What is national income most directly used to measure in macroeconomics?
Question 2
Which term best describes the market value of all final goods and services produced within a country during a given period?
Question 3
Which statement best describes the difference between $GDP$ and $GNI$?
Question 4
If nominal national income rises from $200$ to $220$ and prices also rise, what is the most likely interpretation?
Question 5
Which of the following is an example of transfer payment and is not included in national income as payment for current output?
