COPY: GDP Components and Definition
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Questions and Answers

What does GDP measure?

  • The total amount of goods and services produced in a country (correct)
  • The total number of people employed in a country
  • The total amount of investments made in a country
  • The total amount of money spent by consumers in a country

    • What do the letters GDP stand for?

  • General Development Parameters
  • Gross Domestic Product (correct)
  • Government Development Program
  • Global Development Projects

    • Which of the following is a component of GDP?

  • Net Export (correct)
  • Real GDP
  • Market Value Added
  • Net Import

    • What is another name for Nominal GDP?

    <p>Market Value (B)</p> Signup and view all the answers

    Which of the following is NOT a component of GDP?

    <p>Transfer Payment (C)</p> Signup and view all the answers

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