To Make Data Comparable Across Countries,and to Have Uniform Methodology

question 55

Multiple Choice

To make data comparable across countries,and to have uniform methodology of calculating output,countries use the

• A) United Nation's System of National Accounts.
• B) International Banking System.
• C) OECD System of Accounts.
• D) World Bank System of National Accounts.

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Definitions:

Complements

Items or services that complement each other in such a way that a rise in demand for one results in a rise in demand for its counterpart.

Demand Curve

A graph that represents the relationship between the price of a good or service and the quantity demanded by consumers.

Demand Curve

A graph showing the relationship between the price of a good and the quantity of that good consumers are willing and able to purchase at various prices.

Excise Tax

A tax levied on specific goods, services, or activities, such as gasoline, cigarettes, or alcohol, often to discourage consumption or generate revenue.