Net National Product (NNP) Is Equal To

question 13

Multiple Choice

Net national product (NNP) is equal to:

• A) GNP minus net investment.
• B) GNP plus depreciation.
• C) GNP minus depreciation.
• D) GDP minus depreciation.

Understand historical patterns and consequences of urbanization and suburbanization in the U.S.

Recognize the causes and effects of economic recessions and depressions in U.S. history.

Identify the impact of governmental policies on U.S. economic development from the 20th century to the present.

Distinguish between periods of economic boom and bust in the U.S. history.

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Definitions:

Market Basket Measure

A benchmark of income poverty that estimates the cost of a specific set of goods and services representing a modest, basic standard of living.

Low-Income Cut-Off

A statistical threshold under which a family unit would be considered to be living in relative poverty, defined by their income.

Low-Income Measure

A statistical threshold used to identify individuals or families that earn significantly less than the average in their society, often used to target social support.

Intergenerational Poverty

Often occurs when children and youth grow up in households experiencing chronic poverty, where limited access to opportunities can start another cycle of poverty for the next generation.