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GDP Flashcards | StudBud

GDP

8 terms·StudBud Administration·47 plays

GDP Basics #economics #gdp #gnp

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Questions 8

Answers

1
What is excluded in measuring GDP?
Black Market Trade
Final Goods
Sausages
Net Exports
2
What is the formula to determine Net Exports?
Exports-Imports
Imports-Exports
3
What is the formula for GDP?
I+CxG+NX
I+C+G+NX
I+C-GxNX
I+C+P=NX
4
What does G stand for?
Government Purchases
Gross
Government Insurance
Great
5
GDP includes all goods and services produced
in a city
In the world
in a country
in an economy
6
What does GDP stand for?
Gross Domestic Product
Gross Domestic Production
Global Domestic Production
Global Domestic Product
7
What does I stand for?
Internet
Interesting
Investment
I don't know
8
What does C stand for?
Consumption
Consumerism
Corporation
Currency