A. Value of all economic activity within nation’s border
B. Economic output of a country
C. Economic activity of federal government
D. None of these
Related Mcqs:
- Pakistan’s Gross Domestic Product (in contrast to Gross National Product) measures the production and income of ?
A. Pakistan -owned firms no matter where they are located in the world
B. The domestic manufacturing sector only
C. The domestic service sector only
D. People and factories located within the borders of the Pakistan
E. none of these answers - Real GDP is measured in __________ prices while nominal GDP is measured in _________ prices?
A. foreign; domestic
B. current year; base year
C. domestic; foreign
D. base year; current year
E. intermediate; final - Gross Domestic Product (GDP) is__________________?
A. Value of all economic activity with in a nation’s border
B. Economics output of a country
C. Economic activities of federal government
D. None of these - What is gross domestic product (GDP) ?
A. income earned through foreign exchange
B. the number of dollars earned in industry
C. income earned within a country’s boundaries
D. goods received from the nation’s residents - Gross Domestic Product can be measured as the sum of ?
A. final goods and services intermediate goods, transfer payments, and rent
B. consumption investment government purchases and net exports
C. consumption transfer payments. wages and profits.
D. Net National Product Gross National Product, and Disposable personal income
E. investment wages profits and intermediate production - Real GDP is nominal GDP measured in constant ?
A. taxes
B. prices
C. exchange rates
D. interest rates - In the calculation of gross domestic product net exports are ?
A. the sum of merchandise trade and services
B. the current account plus long-term capital
C. the value of merchandise exports minus imports
D. short-term capital plus the basic balance - Gross Domestic Product is the sum of the market value of the ?
A. intermediate goods
B. final goods and services
C. manufactured goods
D. inferior goods and services
normal goods and services - If GDP for Barbados is $260 million in 2011 and its population is 260,000 GDP per capita is ?
A. 1000
B. 260
C. 0.001
D. 259740 - If nominal GDP in 2005 exceeds nominal GDP in 2004, then the production of output ?
A. must have fallen
B. must have risen
C. must have stayed the same
D. may have risen fallen, or stayed the same because there is not enough information to determine what happened to real output
