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
B Only i & iii
C Only i, ii, & iii
D Only i, iii, & iv
Practice Next

Relevant for Exams:

Hey! Ask a query