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What is meant by Gross National Product of a country?
The Gross National Product of a country is taking all the value of all services and products produces in an yearsÕ time, then minus the cost of material and labor to determine the financial worth of a countries economy.
The measure of the success of an economy is the Gross National Product?
TRUE
What is a measure of the size of the national economy?
gross domestic product
Is the Gross National Product is the measure of the success of an economy.?
TRUE
What is formal economy?
A formal economy is an official economy, as recognized by the government and baised on paid employment
What is meant by Gross National Product of a country?
The Gross National Product of a country is taking all the value of all services and products produces in an yearsÕ time, then minus the cost of material and labor to determine the financial worth of a countries economy.
What is mono economy?
It refers to an economy, a national economy, which relies almost exclusively on the production and export of a single product
The measure of the success of an economy is the Gross National Product?
TRUE
What is a measure of the size of the national economy?
gross domestic product
Is the Gross National Product is the measure of the success of an economy.?
TRUE
What is the gross national product of the southeast Asian countries in the year 2004 to 2008?
What is the gross national product of the southeast asian countries in the year 2004 to 2008?
Is The gross national product is measured of the success of an economy?
Measure of Success of EconomyYes, the GNP is the measure of success of an economy.
What is formal economy?
A formal economy is an official economy, as recognized by the government and baised on paid employment
What is informal economy?
The Informal Economy is the part of the economy that is not taxed, monitored by any form of government, or included in any Gross National Product (GNP), unlike the formal economy.
What is the purpose of research about economics?
to establish factors which may or have caused the economy to decline in terms of GDP gross domestic product,NNP net national product and for statistician to know and budget for the economy
What is the best measurement for comparing the standard of living between two countries?
The best measurement for comparing the standard of living between two countries is the GDP in conjunction with the economic growth. GDP stands for Gross Domestic product.
During the 1950s and 1960s, which of the following is true regarding the U.S. economy?
The Gross National Product increased.
