Which of the Following Is True About Economic Development of a Nation

question 73

Multiple Choice

Which of the following is true about economic development of a nation?

• A) The purchasing power parity is a poor indicator of a people's total well-being.
• B) GDP is a larger figure and includes a nation's income generated from exports, imports, and international operations.
• C) Illegal activities such as gambling and black market transactions are considered in GDP and GNP.
• D) Using gross product figures to compare production across countries accounts for different cost of living in each country.

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Definitions:

Legitimate Reason

A valid or lawful basis for a decision or action.

Physical Unfit

A state or condition of not having the necessary physical strength, stamina, or ability to perform a task or engage in activity.

Internal Recruitment

The practice of filling job vacancies within a company using existing employees rather than sourcing candidates externally.

Emotionally Entangled

Experiencing deep emotional involvement or complication, which makes it difficult to remain detached or objective.