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 law of diminishing marginal utility states ...
The downstream activities of oil companies in Nigeria involve ...
Choice in economic life is necessitated by ...
In the short-run a firm marginal cost curve above the point of shut-down is its ...
The Power Holding Company of Nigeria (PHCN) is a _______ ...
The coefficient of price elasticity of demand is zero when demand is ...
The most frequent occurring value in a given data is the ...
The use of tax and expenditure policy to regulate the economy is known as ...
An issue of bank notes not backed by gold but by government securities is known as ...