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Duplicate of GDP Flashcards | StudBud

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Duplicate of GDP

7 terms·StudBud Administration·14 plays

Topic 7: GDP Basics #economics #gdp #gnp

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Questions 7

Answers

1
What is excluded in measuring GDP?
Net Exports
Black Market Trade
Secondhand Sales
Final Goods
2
What does GNP stand for?
Gross National Product
Gross Natural Production
3
What is the formula for GDP?
I+C+P=NX
I+C+G+NX
I+C-GxNX
I+CxG+NX
4
What's Reynolds eat more, green apples or green peppers? :P
Peppers
Apples
5
What does C stand for?
Currency
Corporation
Consumption
Consumerism
6
What does GDP stand for?
Gross Domestic Production
Gross Domestic Product
Global Domestic Product
Global Domestic Production
7
What is the formula to determine Net Exports?
Imports-Exports
Exports-Imports