Multiple choice

1. The smallest component of national income is:

A. rent. 

B. interest. 

C. profits. 

D. salaries and wages. 

2. Our GDP includes all the output produced by Americans:

A. and foreigners within our borders. 

B. within our borders. 

C. within our borders and abroad. 

D. within our borders and by American-owned, multinational companies with offices and factories abroad. 

3. Which of the following is the best example of an intermediate product?

A. A road 

B. Steel 

C. Bread 

D. A TV set 

4. Which of the following would increase GDP?

A. More imports 

B. Additional leisure time 

C. Government removing more litter 

D. People engaging in more "do-it-yourself" projects