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1. What is the equilibrium real output?
C
2. A country’s net national income (NNI) is less than its gross national income (GNI). What does this mean?
D
3. Which factor explains the difference between GDP and GNI?
D
4. What is not included in the measurement of national income?
A
5. What can be concluded from the table?
C
6. What is the size of the Gross National Income (GNI) for country X?
B
7. What is used to convert nominal GDP to real GDP?
B
8. What is a transfer payment?
B
9. A country’s net national income (NNI) is less than its gross national income (GNI). What does this mean?
D
10. Which statement made by the government is consistent with this intention?
A
