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Practice Questions
Test your understanding with targeted questions related to the topic.
Question 1
Easy
What is the definition of national income?
💡 Hint: Think about what gets counted and the time period.
Question 2
Easy
Why do we measure final goods and services?
💡 Hint: Is double counting good for measuring output?
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 national income measure?
- Total value of goods produced
- Total population
- Total tax revenue
💡 Hint: Consider what gets counted in economic output.
Question 2
True or False: National income only includes domestic production.
- True
- False
💡 Hint: Think about what foreign income sources are considered.
Solve and get performance evaluation
Challenge Problems
Push your limits with challenges.
Question 1
If a country has a national income of $1 trillion and includes income from abroad amounting to $100 billion, what is the domestic national income?
💡 Hint: Subtract the foreign income from the total to find what’s generated locally.
Question 2
Analyze how national income can inflate without real economic growth. What factors could lead to this scenario?
💡 Hint: Consider the different contributors to national value.
Challenge and get performance evaluation