Which of the Following Statements Is Correct

question 162

Short Answer

Which of the following statements is correct?
GNP refers to the total value of all goods and services produced by a national economy.
GDP refers to the total value of all goods and services produced by a national economy regardless of where the factors of production are located.
Growth depends on output increasing at a faster rate than population.
Per capita GDP is calculated by dividing purchasing power parity by the rate of inflation.
Real GDP compares how much a system produces with the resources needed to produce it.

---

Definitions:

Nursing Assistant

A healthcare professional who provides basic care under the direction of nursing staff, often assisting with daily living activities and vital signs monitoring.

Monitoring

refers to the continuous or repeated observation of a patient's health status, often involving vital signs, to inform treatment decisions.

Blood Pressure Device

An instrument or machine used to measure the blood pressure in the arteries, typically comprising a cuff, a measuring unit, and a mechanism for inflation and deflation.

Calibration

The process of adjusting and setting the accuracy of a measurement instrument to ensure it meets its specifications and standards.