Which of the following measures the total annual income received by re
QUESTION
Which of the following measures the total annual income received by residents of a country and is regarded as a yardstick for the economic activity of a country?
A. Income elasticity of demand
B. Cash reserve ratio
C. Net cash flow ratio
D. Gross national income
E. Income equity ratio
ANSWER
D
GNI is regarded as a yardstick for the economic activity of a country; it measures the total annual income received by residents of a nation.
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