12 Questions
Which of the following best represents the Gross Domestic Product (GDP) of New Zealand?
$150 billion
What is the approximate GDP of New Zealand in USD?
NZD 300 million
Which of the following is closest to the Gross Domestic Product (GDP) of New Zealand in 2021?
$250 billion
What is the estimated GDP of New Zealand for the current fiscal year?
$200 billion
What does the Gross Domestic Product (GDP) measure?
The total value of all goods and services produced in a country
Which of the following factors contribute to the calculation of GDP?
Consumption, investment, government spending, and net exports
How does an increase in GDP generally reflect on the economy?
It indicates economic growth and increased standard of living
What is the significance of GDP in assessing the economic performance of a country?
It provides a comprehensive measure of the country's economic activity
Which of the following is NOT a common measure used to assess the economic performance of a country?
Government Debt-to-GDP ratio
What does the Gross Domestic Product (GDP) NOT account for in the calculation of a country's economic output?
Income inequality within the country
Which of the following factors is NOT included in the calculation of the Gross Domestic Product (GDP)?
Social security payments
How does a decrease in the Gross Domestic Product (GDP) generally reflect on the economy?
It indicates a shrinking economy and potential recession
Test your knowledge on the Gross Domestic Product (GDP) of New Zealand with questions on its approximate value in USD, the closest estimate for 2021, and the estimated GDP for the current fiscal year.
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