Question
Which of the following is true regarding GDP? i.
In calculating GDP only final marketable goods and services are considered ii. GDP can be Nominal or Real GDP iii. GDP shows how much is produced within the boundaries of the country by both the citizens and the foreigners iv. GDP is essentially about who is doing the production.Solution
GDP is essentially about WHERE production takes place. GNP or Gross National Product is about who produces.
More Economics Questions
What will come in place of (?) in the given expression.
(3/4 of 64) + (1/2 of 48) = ?3% of 842 ÷ 2% of 421 = ?
What will come in the place of question mark (?) in the given expression?
(437 + ? - 167) x 2.5 = 875What will come in the place of question mark (?) in the given expression?
(96 - 59) X 6 + ?2 = 136.5 X 4
135÷ 15 x 19 + 14807 = ? + √3249 - √9604
1120 / √x = 80 Then x = ?
(21 X 5) + ? = (480 - 120) ÷ 3
20 + 160/? × 20 = 420
1428 ÷ 17 = ? % of 120
84% of 8400 + 42% of 6120 =?
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