Economics Past Questions and Answers

<b>Use this data below to answer the question</b><br/>The following data relates to the national income of a country.<br/>Gross domestic product = $2800<br/>Net factor income from abroad = $250<br/>Depreciation = $700<br/>Indirect taxes = $120<br/> <br/>What is the country's Gross National (GNP)?

<b>Use this data below to answer the question</b><br/>The following data relates to the national income of a country.<br/>Gross domestic product = $2800<br/>Net factor income from abroad = $250<br/>Depreciation = $700<br/>Indirect taxes = $120<br/> <br/>What is the country's Net National Product (NNP) at factor cost?

The standard of living in two countries can be compared using the ____________

Government can curb inflation by ____________

Functions of money does not include ____________