Question : What is the Net National Product?

Option 1: The product of gross national product and depreciation is net national product.

Option 2: The sum of gross national product and income of foreigners is net national product.

Option 3: Net National product is equal to gross national product.

Option 4: The difference between gross national product and depreciation is net national product.

Question : If we deduct depreciation from GNP (gross national income), the measure of aggregate income that we obtain is called _____________.

Option 1: Gross Domestic Product at market prices

Option 2: Gross Domestic Product

Option 3: Net National Product

Option 4: Personal income

Question : An individual's actual standard of living can be assessed by      

Option 1: Gross National Income

Option 2: Net National Income

Option 3: Per Capita Income

Option 4: Disposable Personal Income

Question : ____________ measures the aggregate production of final goods and services taking place within the domestic economy during a year.

Option 1: Gross national income

Option 2: Gross domestic product

Option 3: Net national product

Option 4: National income at factor price

Question : Net Investment plus Depreciation gives an estimate of which of the following?

Option 1: Gross Domestic Product

Option 2: Personal income

Option 3: Gross investment

Option 4: Private investment