Which of the Following Statements Is Correct

question 30

Multiple Choice

Which of the following statements is correct?

• A) GNP refers to the total value of all goods and services produced by a national economy.
• B) 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.
• C) Growth depends on output increasing at a faster rate than population.
• D) Per capita GDP is calculated by dividing purchasing power parity by the rate of inflation.
• E) Real GDP compares how much a system produces with the resources needed to produce it.

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Definitions:

Protective Factors

Conditions that negate or oppose negative outcomes.

Traumatic Event

An incident that causes psychological, physical, emotional, or spiritual harm, potentially leading to long-term impacts on an individual's functioning and mental health.

Resiliency

The ability of an individual to effectively cope with stress and adversity, bouncing back from challenges with a fortified resolve.

Classroom Duties

Tasks or responsibilities assigned to students or teachers within the classroom environment, often aimed at maintaining order and enhancing learning.