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Practice Questions
Test your understanding with targeted questions related to the topic.
Question 1
Easy
What is GDP?
💡 Hint: Think about what is produced inside a country.
Question 2
Easy
What does NDP account for?
💡 Hint: It’s about wear and tear of capital.
Practice 4 more questions and get performance evaluation
Interactive Quizzes
Engage in quick quizzes to reinforce what you've learned and check your comprehension.
Question 1
What does GDP stand for?
- A) Gross Domestic Product
- B) Global Domestic Product
- C) General Domestic Product
💡 Hint: It focuses solely on domestic production.
Question 2
True or False: GNP is the total production only within the country's borders.
- True
- False
💡 Hint: Consider where the production takes place.
Solve 1 more question and get performance evaluation
Challenge Problems
Push your limits with challenges.
Question 1
A country reported GDP of $2 trillion and a depreciation of $400 billion. Calculate NDP and explain its significance.
💡 Hint: Subtract depreciation from total production.
Question 2
If a citizen has a Personal Income of $70,000 and their tax rate is 20%, what is their Disposable Income? Discuss how this could affect their consumption choices.
💡 Hint: Calculate taxes first to find the amount left.
Challenge and get performance evaluation