National Income Accounting

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 metrics is used when calculating GDP using the expenditure approach?

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1. Which of the following metrics is used when calculating GDP using the income approach?

2. What is the definition of GDP?

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About This Quiz & Worksheet

Identify what you know about national income accounting with these study tools. You'll answer quiz questions on specific areas such as calculating GDP with an expenditure and income approach.

Quiz & Worksheet Goals

Find out how well you know how to:

  • Explain GDP
  • Recognize the differences of calculating GDP
  • Understand the method of calculating GDP regardless of approach

Skills Practiced

The quiz and worksheet will help you practice the following:

  • Interpreting information - verify that you can read information regarding GDP and interpret it correctly
  • Distinguishing differences - compare and contrast topics from the lesson, such as calculating GDP with an expenditure and income approach
  • Knowledge application - use your knowledge to answer questions about national income accounting

Additional Learning

This lesson will help you to learn more about the area of focus. The lesson is entitled National Income Accounting and it will cover the following goals:

  • Define exports
  • Explain net exports
  • Identify gross private domestic investment
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