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Economics U$A: 21st Century Edition

GNP/GDP Quiz

Which of the following lists of goods and services would be included in calculating GNP?

George S. reads in today’s paper that the Consumer Price Index (CPI) for October of 1988 was 120, and that for October of 1989 it is 140. Based on this information, George can conclude that the current rate of inflation is:

One of the real limitations of GNP or NNP, from the perspective of most economists, is that these measures:

Prior to 1929, the general state of the economy was determined by:

When Simon Kuznets devised the GNP scale, he made the decision to exclude illegal activities like drug smuggling and gambling from his calculations. Kuznets based this decision MAINLY on the fact that:

The U.S. contribution to the war effort during World War II had what effect on GNP?

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Economics U$A: 21st Century Edition