Multiple choice

1. The GDP is the value of all final goods and services produced:

A. within the nations boundaries. 

B. by domestically owned companies. 

C. by citizens of the country. 

D. by domestically controlled companies. 

2. Net domestic product is usually preferred to GDP by economists because net national product:

A. includes depreciation. 

B. excludes depreciation. 

C. includes indirect business taxes. 

D. excludes indirect business taxes. 

3. The largest item amount among those listed here is:

A. national income. 

B. net interest. 

C. net domestic product. 

D. corporate profits. 

4.Which is NOT counted in GDP?

A. A Social Security check sent to a retiree 

B. Government spending on highway building 

C. Money spent on an airline ticket 

D. Money spent by a company to build a new office park