NATIONAL INCOME ACCOUTING
Quiz yourself by thinking what should be in
each of the black spaces below before clicking
on it to display the answer.
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| show | total market value of all final good and services produce unnually within the nation durin agive period of time
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| show | 1)intermediate goods 2)final good and services
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| show | product that can be resold and use in further stages of production
example:*APPLE THAT ARE PRODUCED TO MAKE APPLE JUICE *Steel - a raw material used in the production of many other goods, such as bicycles.
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| what is final good and services? | show 🗑
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| show | *OUTPUT EXPENDITURE
*EXPENDITURE METHOD
*INCOME METHOD
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| show | summings up all the value of all good and services producing in a country.
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| what is expenditure method? | show 🗑
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| show | summs of all incomes of household form of wages ,salaries,profits,rents and interest.
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| how is output method measured?? | show 🗑
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| show | adding total expenditure of final goods and services produces
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| how is income approach measured? | show 🗑
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| what are the components of GDP in expenditure method? | show 🗑
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| term capital as used in macroeconomics refers to? | show 🗑
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| compensation of employees refers to? | show 🗑
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| show | the incomes from the incoperated business such
FARMERS,PARTNERSHIP,PROFESSIONAL,COPOPERATIVES
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| explain what is rental income? | show 🗑
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| what is Net interest? | show 🗑
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| what is corporate profits? | show 🗑
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| Pesonal income? | show 🗑
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| disposal income? | show 🗑
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| define GNP? | show 🗑
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| definE GDP Deflator? | show 🗑
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| what is CPI? | show 🗑
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Created by:
llpo
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