Are the following statements true or false ? Give reasons . In a closed economy , gross domestic product is always equal to gross national product .

1 Answer

Answer :

Are the following statements true or false ? Give reasons . In a closed economy , gross domestic product is always equal to gross national product .

Related questions

Description : What is Gross National Product: A. The total output of goods and services produced by the country’s economy B. The total domestic and foreign output claimed by residents of the country C. The sum of gross domestic product and investment

Last Answer : B. The total domestic and foreign output claimed by residents of the country

Description : Net National Product in National Income Accounting refers to - (1) Gross Domestic Product—Depreciation (2) Gross Domestic Product + Subsidies (3) Gross National Product—Depreciation (4) Gross National Product + Subsidies

Last Answer : (3) Gross National Product-Depreciation Explanation: Net national product at market price is the market value of the output of final goods and services produced at current price in one year of ... the depreciation charges from the gross national product, we get net national product at market price.

Description : The sum total of incomes received for the services of labour, land or capital in a country is called (1) Gross domestic product (2) National income (3) Gross domestic income (4) Gross national income

Last Answer : (3) Gross domestic income Explanation: The Gross Domestic Income (GDI) is the total in-come received by all sectors of an economy within a nation. It includes the sum of all wages, profits, ... services), the gross domestic income of a count should exactly equal its gross domestic product (GDP).

Description : Aggregate net value of the output in one year is the - (1) National income at factor cost (2) Gross Domestic Product at market prices (3) Net. National Product at market prices (4) Gross National Product at market prices

Last Answer : (3) Net. National Product at market prices Explanation: Net national product at market price is the market value of the output of final goods and services produced at current price in ... at market price, Net national product at market price=Gross national product at market priceDepreciation.

Description : Gross National Product - Depreciation Allowance =? (1) Per Capita Income (2) Gross Domestic Product (3) Personal Income (4) Net National Product

Last Answer : (4) Net National Product Explanation: Net National product (NNP) is Gross National Product minus a depreciation allowance for the wearing out of machines and buildings during the period. In other words, NNP= ... Since NNP counts only the net additions to the nation's stock, it is less than GNP.

Description : The best measure to assess a country's economic growth is - (1) per capita income at constant prices (2) per capita income at current prices , (3) gross domestic product at current prices (4) gross national product at current prices

Last Answer : (1) per capita income at constant prices Explanation: Gross domestic product (GDP) is the market value of all officially recognized final goods and services produced within a country in a given period ... the aggregate (such as GDP or Gross National Income) and dividing it by the total population.

Description : The sum total of production of goods and services in the three sectors in a given year is called______. (a) Gross National Income (b) National Income (c) Net Domestic Product (d) Gross Domestic Product

Last Answer : (d) Gross Domestic Product

Description : What is the Gross National Product minus the depreciation? a) Gross Domestic Product b) Gross National Product c) Net Domestic Product d) Net National product

Last Answer : d) Net National product

Description : What is the sum total of gross value added of all the firms in the country added with the net factor income from abroad? a) Gross Domestic Product b) Gross National Product c) Net Domestic Product d) Net National product

Last Answer : b) Gross National Product

Description : What is the sum total of gross value added of all the firms in the country minus the depreciation? a) Gross Domestic Product b) Gross National Product c) Net Domestic Product d) Net National product

Last Answer : c) Net Domestic Product

Description : What is the sum total of gross value added of all the firms in the country? a) Gross Domestic Product b) Gross National Product c) Net Domestic Product d) Net National product

Last Answer : a) Gross Domestic Product

Description : The income level of residents in a country is indicated by _______. A. gross national income. B. gross domestic product. C. per capita gross national income. D. per capita gross domestic product

Last Answer : C. per capita gross national income.

Description : The difference between Gross National Product (GNP) and Gross Domestic Product GDP) is (a) Excess of subsidies over indirect taxes ; (b) Depreciation ; (c) Net foreign income from abroad (d) Excess of indirect taxes over subsidies

Last Answer :  (c) Net foreign income from abroad

Description : Gross National Product – Depreciation Allowance = ? (1) Per Capita Income (2) Gross Domestic Product (3) Personal Income (4) Net National Product

Last Answer : Net National Product

Description : Net National Product in National Income Accounting refers to (1) Gross Domestic Product— Depreciation (2) Gross Domestic Product + Subsidies (3) Gross National Product— Depreciation (4) Gross National Product + Subsidies

Last Answer : Gross National Product— Depreciation

Description : Aggregate net value of the output in one year is the (1) National income at factor cost (2) Gross Domestic Product at market prices (3) Net National Product at market prices (4) Gross National Product at market prices

Last Answer : Net National Product at market prices

Description : The sum total of incomes received for the services of labour, land or capital in a country is called : (1) Gross domestic product (2) National income (3) Gross domestic income (4) Gross national income

Last Answer :  Gross domestic income

Description : The best measure to assess a country’s economic growth is (1) per capita income at constant prices (2) per capita income at current prices (3) gross domestic product at current prices (4) gross national product at current prices

Last Answer : per capita income at constant prices

Description : Gross National Product at market prices of an economy is ₹ 65 , 000 crores . The capital stock of the economy is valued at ₹ 1, 20 , 000 crores , whic

Last Answer : Gross National Product at market prices of an economy is ₹ 65 , 000 crores . The capital ... 000 crores . Estimate National Income of the economy.

Description : Gross National Product is the money measure of - (1) all tangible goods produced in a country (2) final goods and services produced in the economy (3) services generated annually in the economy (4) all tangible goods available in the economy

Last Answer : (2) final goods and services produced in the economy Explanation: Gross national product (GNP) is the market value of all products and services produced in one year by labour and property supplied ... (including income of those located abroad), minus income of non-residents located in that country.

Description : Gross National Product is the money measure of (1) all tangible goods produced in a country (2) final goods and services produced in the economy (3) services generated annually in the economy (4) all tangible goods available in the economy

Last Answer :  final goods and services produced in the economy

Description : In which type of economy , domestic income will be equal to national income ?

Last Answer : In which type of economy , domestic income will be equal to national income ?

Description : In which type of economy , domestic income is equal to national income ?

Last Answer : In which type of economy , domestic income is equal to national income ? A. Open Economy B. Closed Economy C. Both (a) and (b) D. Neither (a) nor (b)

Description : What is the importance of human capital for a country's Gross Domestic Product?

Last Answer : I would just assume it’s because manpower is sorta valuable.

Description : What is Gross Domestic Product ? -SST 10th

Last Answer : We calculate GDP to count value of goods and services. It is the market value of final goods and services produced in a country in a year. (i) The final value of goods and services produced in ... . (iv) The sum total of all the final goods and services produced in all the sectors provide GDR

Description : What is GDP (Gross Domestic Product)? -SST 10th

Last Answer : It is the value of final goods and services produced within the domestic territory of a country.

Description : What is GDP? Explain with example the method of calculating Gross Domestic Product. -SST 10th

Last Answer : G.D.P. is the sum of the money value of final goods and services produced in each sector during a particular year within domestic territory of a country. Only final goods and services are counted ... not correct because then we would be counting the value of the same things a number of times.

Description : “The declining share of agriculture in the Gross Domestic Product (G.D.P.) is a matter of serious concern in India”. -SST 10th

Last Answer : (i) Indian farmers are facing challenge from international competition. (ii) Government is reducing investment in agricultural sector, especially irrigation sector. (iii) Subsidy in ... are withdrawing their investment from agriculture causing a downfall in the employment in agriculture.

Description : It's still talked about, but what does it mean?

Last Answer : Financial value (money of some currency) that was produced in a given territory (state, union ...) for a given period (usually a year). In other words, the increase of "wealth."

Description : Which one of the following sectors shows the highest share in Gross Domestic Product (GDP) in India? (a) Primary

Last Answer : Which one of the following sectors shows the highest share in Gross Domestic Product (GDP) in India? ... (b) Secondary (c) Tertiary (d) Quaternary

Description : Why is gross domestic product at factor cost more than the net domestic product at factor cost ?

Last Answer : Why is gross domestic product at factor cost more than the net domestic product at factor cost ?

Description : What helps raise a country's gross domestic product?

Last Answer : What helps raise a country's GDP. Is a high literacy-rate. A high literacy rate is a number of people that can read and write in any given county over the age of 14.

Description : The incomes of Indians working abroad are a part of - (1) domestic income of India (2) income earned from Abroad (3) net domestic product of India (4) gross domestic product of India

Last Answer : (3) net domestic product of India Explanation: Domestic Product is the ross money value of all final goods and services produced in the domestic territory of a country during a year. National Product ... by the normal residents of a country during a year. It includes net factor income from abroad.

Description : The contribution of Agricultural sector to the gross domestic product (GDP) in India in the year 2004-05 has been nearly (A) 25 % (B) 45 % (C) 35 % (D) 55 %

Last Answer : (A) 25 %

Description : The _____________ is the difference in value between a nation's exports and its imports 1. balance of payments 2. export / import ratio 3. gross domestic product 4. net trade value 5. balance of trade

Last Answer : balance of trade

Description : The gross domestic product is 1. a measure of the profit made by all firms in the nation 2. the average annual earnings per person in the nation 3. a measure of the types of products produced by a nation 4. an overall measure of a nation's economic standing 5. none of these

Last Answer : an overall measure of a nation's economic standing

Description : e __________ is the difference in value between a nation's exports and its imports. A)balance of payments B)export/import ratio C)gross domestic product D)net trade value E)balance of trade

Last Answer : A)balance of payments

Description : The gross domestic product is A)a measure of the profit made by all firms in the nation. B)the average annual earnings per person in the nation. C)a measure of the types of products produced by a nation. D)an overall measure of a nation's economic standing.

Last Answer : D)an overall measure of a nation's economic standing.

Description : GDP is ____. A. Gross Domestic Product. B. Gross Domestic Percentage. C. Gross Domestic Personnel. D. Gross Domestic Public.

Last Answer : A. Gross Domestic Product.

Description : The incomes of Indians working abroad are a part of (1) domestic income of India (2) income earned from Abroad (3) net domestic product of India (4) gross domestic product of India

Last Answer : net domestic product of India

Description : 1. Why is the Gross National Income always more than Net National Income? 2. What is grown in field by their plantlet? 3. In which list are the Central Government's exclusive powers enumerated? 4. ... 19. Which is the World's largest producer of wool? 20. Which Emperor had the longest reign?

Last Answer : Answer : 1. Direct taxes 2. Onion 3. Union List 4. Isobar 5. Jainism 6. Radio waves 7. Muthuswami Dikshitar 8. Journalism 9. Caribbean sea 10. Gautamiputra Satakarni 11. Grapes 12. Religion 13. ... Akron 15. Sumant 16. Demand decreases 17. Athletics 18. S.A. Node 19. Australia 20. Muhammad Shah

Description : Depreciation is equal to — (1) Gross national product —Net national product (2) Net national product —Gross national product (3) Gross national product —Personal income (4) Personal income — Personal taxes

Last Answer : (1) Gross national product -Net national product Explanation: Net national product at market price is the market value of the output of final goods and services produced at current price in ... we get net national product at market price. So depreciation = Gross National ProductNet National Product,

Description : Depreciation is equal to — (1) Gross national product — Net national product (2) Net national product — Gross national product (3) Gross national product — Personal income (4) Personal income — Personal taxes

Last Answer : Gross national product — Net national product

Description : The net factor income earned within the domestic territory of a country must be equal to (a) Net Domestic Product at factor cost ; (b) Net Domestic Product at market price; (c) Net National Product at market price ; (d) Personal income.

Last Answer : (a) Net Domestic Product at factor cost ;

Description : Consider the following four statements (A-D) related to the common frog Rana tigrina, and select the correct option stating which ones are true (T) and which ones are false (F). Statements: A. On dry land it would die due to lack of O2 if ... C D (a) T F F T (b) T T F F (c) F F T T (d) F T T F

Last Answer : (a) T F F T

Description : Given the following statements : (A) A class of languages that is closed under union and complementation has to be closed under intersection. (B) A class of languages that is closed under union and intersection has to be closed under ... (3) (A) is true, (B) is false. (4) (A) is false, (B) is true.

Last Answer : (A) is true, (B) is false. 

Description : From which sector does the highest sector wise contribution to gross domestic saving comes? -Do You Know?

Last Answer : answer:

Description : From which sector does the highest sector wise contribution to gross domestic saving comes? -Do You Know?

Last Answer : answer:

Description : During the fiscal year 2010-11 gross fixed capital formation or domestic investment was _____ A. 10.3% B. 11.11% C. 13.4% D. 14.7%

Last Answer : ANSWER: C

Description : During the fiscal year 2010-11 gross fixed capital formation or domestic investment was _____ A. 10.3% B. 11.11% C. 13.4% D. 14.7%

Last Answer : ANSWER: C