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National Income Accounts and The Environment: Definitions & Limitations

Instructions:

Choose an answer and hit 'next'. You will receive your score and answers at the end.

question 1 of 3

Which of the following best describes National Income Accounts?

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1. Which of the following terms is best described as the market value of all final goods and services produced by a country in one year?

2. Who was Simon Kuznets?

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About This Quiz & Worksheet

The establishment of national income accounting has increased our knowledge of a country's well-being. Prepare to answer questions on this quiz related to what these accounts measure in particular and their uses.

Quiz & Worksheet Goals

This quiz will ask you questions pertaining to:

  • The best description of national income accounts
  • Who Simon Kuznets was
  • When you divide GDP by the number of people
  • Characteristics of national income accounts

Skills Practiced

  • Interpreting information - verify you can read information regarding when you divide GDP by the number of people and interpret it correctly
  • Information recall - remember which term best describes the market value of all final goods and services produced by a country in one year
  • Reading comprehension - ensure that you draw the most important information from the related environmental science lesson

Additional Learning

If you would like to know more, pull up the lesson titled National Income Accounts and the Environment: Definitions & Limitations. This lesson will help you:

  • Identify the most widely used measure of national income
  • Explain how to find the per capita GDP
  • Understand the limitations of only using GDP
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