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.
Minimum price legislation by government will ...
When the total product starts falling, then the marginal product is ...
The Quantity Theory of Money states that an increase in the quantity of money would bring about ...
Which of the following is regarded as fixed cost? ...
The average total cost when 20 units are produced is ...
An important feature of economic development is ...
Occupational distribution of population is mainly influenced by ...
The coefficient of price elasticity of supply of land is usually___________ ...
The quantity supplied of a commodity increases while ...
The chief sources of Federal Government revenue in Nigeria are ...