On a Global Basis,both External and Internal Factors Are Responsible

question 46

True/False

On a global basis,both external and internal factors are responsible for creating favorable conditions for development of strategy and resource allocation on a global basis.

Recognize the limitations and criticisms associated with GDP as a measurement of economic welfare and social well-being.

Understand the concepts of nominal and real GDP and the significance of base years in price indices.

Describe the impact of the underground economy and non-market activities on GDP figures.

Understand the concepts of depreciation and national income accounting, including Net Domestic Product (NDP).

---

Definitions:

Females

Individuals of the sex that typically possess two X chromosomes and are capable of bearing offspring or producing eggs.

Males

The term refers to the male gender or individuals who are biologically characterized by the XY chromosome pair.

Psychoactive Drug

Substances that affect the mind, altering mood, perception, consciousness, or behavior.

Dosage

The size or frequency of a dose of a medicine or drug that is prescribed to be taken at one time or at specific intervals.