New One Goal, Three Exams: Strategies for Mastering RBI, SEBI, and IFSCA Exams
Register

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.

A Only i & ii Correct Answer Incorrect Answer
B Only i & iii Correct Answer Incorrect Answer
C Only i, ii, & iii Correct Answer Incorrect Answer
D Only i, iii, & iv Correct Answer Incorrect Answer

Solution

GDP is essentially about WHERE production takes place. GNP or Gross National Product is about who produces.

Practice Next

Relevant for Exams:

×
×