Which of the Following Observations Concerning Different Measures of National

question 214

Multiple Choice

Which of the following observations concerning different measures of national income is true?

• A)GDP does not include income earned by foreigners who own resources in that nation.
• B)Using GNI can give the impression that people in less-developed countries have more income than they really do.
• C)GNI per capita is a useful figure because it gives some idea of the income level of people in the country.
• D)The less-developed nations account for the biggest share of the world's GDP.
• E)GDP is the only measure of national income.

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Reasoning

The process of thinking about something in a logical, sensible way to form a conclusion or judgment.

Nontraditional Students

Individuals who pursue tertiary education but do not follow the traditional college path of entering immediately after high school, often older and possibly balancing education with other responsibilities.

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The process by which a region, country, or community improves the economic, political, and social well-being of its people.