The production within domestic territory of a country is ...
The production within domestic territory of a country is called the ____
Net national product
Gross domestic product
Net income
Disposable income
Correct answer is B
Gross domestic product (GDP) refers to the total money value of all the goods and services produced in a country within a given time period but excluding net income from abroad. In calculating GDP, emphasis is on earnings from citizens and foreign investment within the country.
Earnings of citizens and their investment abroad are excluded from GDP.
The shaded triangle in the diagram above is known as ...
Economic is often described as a science because ...
The line labelled M in the diagram above represent ...
An agreement among firms on price and segmentation is termed ...
Which of the following is correct? ...
The quantity supplied of a commodity increases while ...
The outward shift to the production possibility curve could be due to ...
Optimum population is defined as the level of population at which ...