Question : ______________ refers to the gross market value of all final goods and services produced by the normal resident of a country during a period of one year.
Option 1: GNP at FC
Option 2: GNP at MP
Option 3: GDP at FC
Option 4: GDP at MP
Correct Answer: GNP at FC
Solution :
Question : __________________ refers to gross market value of all final goods and services produced by the normal resident of a country during a period of one year.
Option 1: GDP at MP
Option 2: GNP at FC
Option 3: GNP at MP
Option 4: GDP at FC
Question : ______________________ refers to the gross market value of all final goods and services produced within the geographical territory of a country during a period of one year.
Option 2: GDP at FC
Option 4: GNP at FC
Question : _________________ refers to the gross market value of all final goods and services produced within the domestic territory of a country during a period of one year.
Question : ________________ refers to the net market value of all final goods and services produced by the normal resident of a country during a period of one year.
Option 1: NNP at FC
Option 2: NNP at MP
Option 3: NDP at FC
Option 4: NDP at MP
Question : __________________ refers to the next market value of all final goods and services produced within the domestic territory of a country during a period of one year.
Option 1: NNP at MP
Option 2: NNP at FC
Option 3: NDP at MP
Option 4: NDP at FC
Regular exam updates, QnA, Predictors, College Applications & E-books now on your Mobile