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 : Which of the following represents the value of all goods and services produced within the domestic boundaries of a country?

Option 1: Gross Domestic Product (GDP)

Option 2: Gross National Product (GNP)

Option 3: Net Domestic Product (NDP)

Option 4: Net National Product (NNP)

Question : ______ is the market value of all final goods and services produced within a domestic territory of a country measured in a year.

Option 1: Gross margin

Option 2: Gross Domestic Product (GDP)

Option 3: Net National Product (NNP)

Option 4: Gross National Product (GNP)

Question : ______ is the monetary value of all final goods and services produced within a country in a specific time period.

Option 1: National income

Option 2: Gross Domestic Product (GDP)

Option 3: Gross National Product (GNP)

Option 4: Net Domestic Product (NDP)

Question : Which of the following is included in the calculation of GDP?

Option 1: Intermediate goods

Option 2: Final goods and services

Option 3: Secondhand goods

Option 4: Transfer payments