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Question
GDP is the indicator of _____ economy.
Fill in the Blanks
Solution
GDP is the indicator of health of a country’s economy.
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Gross Domestic Product and Its Growth: an Introduction
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RELATED QUESTIONS
GNP equals ______.
______ is the market value of all goods and services produced in the country.
The Goods and Services are measured in terms of ______ of that country.
Goods and Service has a market ______.
The GDP is the ______value of final goods and services produced in the country.
The price at which the goods are sold in the market is called ______.
“The final goods and services will not be a part of other goods and Services”, said by ______.
The goods that are used in the production of other goods are called as ______ goods.
GNHf is a philosophy instituted as the goal of government of ______.
Choose the correct statement
- Only the final goods are included in the GDP.
- If the value of the Intermediate goods are included,, it will result in double counting,
- The rupee values are desired from the prices at which the goods and services are sold in the market.
- There is no sensible way to add the quantities of goods produced with those of the services produced.
