Question : While computing Net Economic Welfare (NEW), which of the following items is subtracted from Gross National Product (GNP)?

Option 1: Value of leisure time

Option 2: Adjustments for congestion of urban life

Option 3: Do-it-yourself activities

Option 4: The underground economy

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 exports equal imports, then which of the following relations will be true?

Option 1: Gross Domestic Product (GDP) = Gross National Product (GNP)

Option 2: Gross Domestic Product (GDP) > Gross National Product (GNP)

Option 3: Gross Domestic Product (GDP) < Gross National Product (GNP)

Option 4: None of these 

Question : Which of the following is not a measure of national income?

Option 1: Gross Domestic Product (GDP)

Option 2: Gross National Product (GNP)

Option 3: Net National Product (NNP)

Option 4: Net Domestic Product (NDP)

Question : Gross Domestic Product less Depreciation is________.

Option 1: Gross Domestic Investment

Option 2: Net National Product

Option 3: Gross National Product

Option 4: Net Domestic Product