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