Comparing GDP and GNI (Grade 10 NSC Matric Economics): Quizzes
📚Quizzes
Practise the questions
10 questions from this quiz
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Practise the questions
10 questions from this quiz
What is the fundamental focus of GDP?
What is the fundamental focus of GDP?
Production within geographical boundaries
What does GNI measure?
What does GNI measure?
Production by nationals anywhere globally
When does GNI decrease?
When does GNI decrease?
When money flows out of the country
What happens to GNI when power stations are sold to foreign companies?
What happens to GNI when power stations are sold to foreign companies?
GNI gradually decreases over time
Why do politicians prefer using GDP?
Why do politicians prefer using GDP?
With high debt or foreign assets
What do GDP and GNI NOT directly measure?
What do GDP and GNI NOT directly measure?
Living standards or quality of life
Which activity is excluded from both GDP and GNI?
Which activity is excluded from both GDP and GNI?
Volunteer work and household production
What type of economic transaction do GDP and GNI ignore?
What type of economic transaction do GDP and GNI ignore?
Bartering and subsistence production
How is GDP per capita calculated?
How is GDP per capita calculated?
Total GDP divided by total population
What is a key problem with per capita income figures?
What is a key problem with per capita income figures?
They represent averages not distribution