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Importance of Business Economics
?
Which of the following will be true about GDP and GNI?
GNI is the total market value of all finished goods and services produced within a country in a set time period.
GDP is the total income received by the country from its residents and businesses regardless of whether they are located in the country or abroad.
GNI can be calculated in three ways, using expenditures, production, or incomes.
GDP can be adjusted for inflation and population to provide deeper insights.
Show Result
Correct
- Your answer is correct.
Wrong
- Your answer is wrong.
Detailed Answer
Correct answer: (D)
GDP can be adjusted for inflation and population to provide deeper insights.
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