CIMA Exam CIMAPRA17-BA1-1 Topic 4 Question 104 Discussion

Actual exam question for CIMA's CIMAPRA17-BA1-1 exam

Question #: 104
Topic #: 4

[All CIMAPRA17-BA1-1 Questions]

A country's gross national product (GNP) will be higher than gross domestic product (GDP) if:

Aindirect taxes are greater than government subsidies

Bthere is a net inflow of factor payments on the balance of payments

Cthe country's imports are greater than its exports

Dgovernment tax income is greater than government expenditure

Show Suggested Answer

Suggested Answer: A, E

by Ilene at Dec 09, 2024, 10:52 AM

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Tess

12 days ago

Wait, is this a trick question? I'm just gonna go with the one that sounds the most like a dad joke. Option B it is! Gotta love those 'factor payments'.

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Carmela

13 days ago

Oh, this is a tricky one. I'm going to have to go with D - government tax income being greater than expenditure. Sounds like a recipe for a higher GNP to me.

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Leontine

14 days ago

I'm going with C. A country's imports being greater than exports would mean more money flowing in, so GNP would be higher. Easy peasy!

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Margot

2 days ago

I think B is the correct answer. A net inflow of factor payments would increase GNP.

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Anjelica

23 days ago

Option A sounds good to me. Indirect taxes being greater than subsidies would definitely boost the GNP. Seems straightforward enough.

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2 months ago

I think the answer is B) there is a net inflow of factor payments on the balance of payments.

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