Which of the Following Observations Concerning Different Measures of National

question 260

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.

---

Definitions:

Bloomer

A type of women's clothing that emerged in the mid-19th century, featuring ankle-length trousers gathered at the hem, part of a dress reform movement.

Functional Clothing

Garments designed with a specific purpose or function in mind, such as protective wear, sports gear, or weather-appropriate clothing.