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 following is NOT a reason for the existence of small firms ...
The deflationary gap is defined by ...
The foreign exchange rate of a country is ...
The difference between demand and wants is in the ...
The shape of the average cost (AC) shows that as production increases ...
Balance of payment surplus implies that the value of the country’s ...
Which of the following factors will not underestimate the national income? ...
One of the characteristics of free trade zone is ...