Uses of National Income Data (AQA A-Level Economics): Quizzes
📚Quizzes
Practise the questions
10 questions from this quiz
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Practise the questions
10 questions from this quiz
Which of these is a flow rather than a stock?
Which of these is a flow rather than a stock?
National income
What equals gross investment?
What equals gross investment?
Replacement + net investment
What does GDP measure that GNI does not?
What does GDP measure that GNI does not?
Output within borders only
How is real GNP per capita calculated?
How is real GNP per capita calculated?
Real GNP Population
Why does national income understate economic activity?
Why does national income understate economic activity?
Non-monetised work excluded
What percentage of UK GNP is the hidden economy?
What percentage of UK GNP is the hidden economy?
10%
How do negative externalities affect living standards measurement?
How do negative externalities affect living standards measurement?
Overestimate living standards
Why are market exchange rates misleading for international GDP comparisons?
Why are market exchange rates misleading for international GDP comparisons?
Reflect traded goods only
What advantage does PPP have over market exchange rates?
What advantage does PPP have over market exchange rates?
More stable over time
What is a major drawback of using PPP exchange rates?
What is a major drawback of using PPP exchange rates?
Updated infrequently