Wednesday, January 7, 2009

Economics College - National Income

Click on the site below and answer the following questions in a 1/2 sheet of paper:

a. http://tutor2u.net/economics/revision-notes/as-macro-national-income.html

b. http://welkerswikinomics.wetpaint.com/page/Chapter+6+-+Measuring+Domestic+Output,+National+Income+and+the+Price+Level?t=anon

1. What is a national income?
2. What is a GDP? Give the formula
3. How does a GDP differ from GNP?
4. What is a perce capita income?

Try answering the test below:
http://hk.geocities.com/econ_world/quiz_macro2.htm

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