What is gross domestic product (GDP) ?

Related Mcqs:

As economic development proceeds income inequality tends to follow a(n) _____ curve?

A. convex B. inverted U shaped C. L-shaped D. S-Shaped...

Peasants are ?

A. rural politicians B. rural cultivators C. rural industrialist D. rural, religious group...

Increases in real GNP per capita occur when ?

A. government programs direct resources away from investment goods to consumer goods. B. tariffs and quotas prevent dollars from leaving the country C. the rate of growth of real GNP is greater than the rate of growth of population D. the level of consumption expenditures rises relative to the level of saving...

Two or more nuclear families of parent(s) and children is known as ?

A. dual family B. institutional family C. extended family D. two-tier family tree...

Which of the following statement is true about low-income countries ?

A. less than 10% of the labor force is in agriculture B. the average agriculture family produces surplus large enough only to supply small non-agriculture population C. One-third of the labor force produce food D. share of labor force is about 30%...