Deriving Gross National Income (Grade 10 NSC Matric Economics): Quizzes
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Practise the questions
10 questions from this quiz
What does Gross National Income (GNI) represent?
What does Gross National Income (GNI) represent?
Total value by a country's citizens & firms
What principle does GNI track economic activity by?
What principle does GNI track economic activity by?
Ownership rather than location
Which item is added when calculating GNI?
Which item is added when calculating GNI?
Profits domestic firms earn abroad
What gets subtracted from a country's GNI?
What gets subtracted from a country's GNI?
Income by foreign-owned firms domestically
A South African firm operates a factory in Botswana. How does this affect SA's GNI?
A South African firm operates a factory in Botswana. How does this affect SA's GNI?
Profits count towards SA's GNI
A German company runs a mine in South Africa. How does this affect SA's GNI?
A German company runs a mine in South Africa. How does this affect SA's GNI?
Profits subtracted from SA's GNI
What insight does GNI provide to economists?
What insight does GNI provide to economists?
True earning capacity of economic actors
What important limitation does GNI have?
What important limitation does GNI have?
Doesn't reveal income distribution
Can a country have high GNI but still face significant inequality?
Can a country have high GNI but still face significant inequality?
Yes, if income concentrates among few
When does GNI work best for economic analysis?
When does GNI work best for economic analysis?
With measures of income distribution