Natural Resources and the Environment Toward Sustainable Development
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- Natural Resources and the Environment Toward Sustainable Developmenteconomics-mcqs › natural-resources-and-the-environment-toward-sustainable-development
- Published
- 30 May 2019
- Last updated
- 28 May 2026
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Explanation
Option A includes intermediate goods and transfer payments which are not counted in GDP. Option B lists expenditure components, but the question asks for a sum that includes broader national accounts. Option C mixes transfer payments and income components incorrectly. Option D correctly identifies Net National Product, Gross National Product, and Disposable Personal Income as related national accounting measures. Option E incorrectly includes intermediate goods, which are excluded from GDP calculations.
More Natural Resources and the Environment Toward Sustainable Development MCQs
Practice related questions from the same subject.
- 1.Which of the following items is not included in the calculation of the UK's GDP?
- 2.Real GDP is calculated using _________ prices, whereas nominal GDP is calculated using _________ prices.
- 3.A cobbler purchases leather for Rs100 and thread for Rs50, then crafts and sells shoes valued at Rs500 to customers. What is the contribution to GDP from this activity?
- 4.What does Gross Domestic Product (GDP) represent in terms of market value?
- 5.What term describes the reduction in value of plant and equipment due to use during the production of goods and services?
- 6.Why might a rise in GDP per capita not necessarily indicate an actual improvement in people's quality of life?
- 7.Which adjustment is required to convert Gross National Product (GNP) into Net National Product (NNP)?
- 8.What typically happens to supply during an economic boom?
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