Question : The balance of payments is a systematic record of a country's:

Option 1: Imports and exports only

Option 2: Imports and financial transactions only

Option 3: Imports, exports, and financial transactions

Option 4: Imports, exports, and domestic production

Question : If exports equal imports, then which of the following relations will be true?

Option 1: Gross Domestic Product (GDP) = Gross National Product (GNP)

Option 2: Gross Domestic Product (GDP) > Gross National Product (GNP)

Option 3: Gross Domestic Product (GDP) < Gross National Product (GNP)

Option 4: None of these 

Question : The balance of payments is a systematic record of all and transactions between a country ____________and _____________the rest of the world.

Option 1: economic, financial

Option 2: goods, services

Option 3: capital, current

Option 4: imports, exports

Question : ______ refers to the difference between the value of exports and imports of a country.

Option 1: Gross National Product (GNP)

Option 2: Net Domestic Product (NDP)

Option 3: Balance of Trade

Option 4: Balance of Payments

Question : The sum of consumption, investment, government expenditure, and net exports gives us ______.

Option 1: Gross Domestic Product (GDP)

Option 2: Gross National Product (GNP)

Option 3: Net Domestic Product (NDP)

Option 4: Net National Product (NNP)