Economics 9708 · AS & A Level · National income statistics

National income statistics — practice question

What could make a country’s estimated monetary value of the ‘Measure of Economic Welfare’ higher than its ‘Gross National Product’?

  • Anegative externalities such as pollution
  • Bproperty income received from abroad
  • Cregrettable necessities
  • Dthe value of non-marketed activities and leisure

Worked solution & mark scheme

This 1-mark question has a full step-by-step worked solution and mark scheme.

  • Full mark scheme, point by point
  • Step-by-step worked solution
  • Write your answer & get it marked instantly by AI