Uses and Limitations of National Income Estimates - SS2 Economics Past Questions and Answers - page 1
1
What is the purpose of using National Income Estimates?
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A
Measure of economic growth
B
Measure of social welfare
C
Measure of environmental health
D
None of the above
2
What does GDP stand for?
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A
Gross Domestic Product
B
Gross Domestic Plan
C
Great Domestic Plan
D
None of the above
3
Which of the following is a limitation of National Income Estimates?
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A
Provides a comprehensive view of an economy's well-being
B
Does not consider income distribution
C
Accounts for the activities of the informal economy
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D
None of the above
4
National Income Estimates are used by governments to inform policy decisions related to what policy?
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A
Education policy
B
Social welfare policy
C
National security policy
D
None of the above
5
Which of the following is subject to inaccuracies in measurement?
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A
GDP
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B
Income distribution
C
Environmental Health
D
None of the above
6
What is a Limitation of National Income Estimates in terms of its scope?
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7
What is the purpose of using National Income Estimates for policy-making?
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