Which of the Following Statements Is True of National Production

question 9

Multiple Choice

Which of the following statements is true of national production?

• A) Marketers use GDP or GNP figures to determine whether a country's population is wealthy enough to purchase its products.
• B) Per capita numbers provide a detailed picture of development of the entire country.
• C) Gross product figures accurately indicate whether a nation's economy is growing or shrinking.
• D) Volunteer work and unpaid household work are considered in GDP and GNP.

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Definitions:

Dependent Variable

In statistical and mathematical analysis, the variable whose value is subject to the influence of another variable.

Horizontal Axis

In graphs and charts, this axis typically represents the independent variable or time period under examination.

Vertical Axis

The “up-down” or “north-south” measurement line on a graph or grid.

After-Tax Income

The amount of income left to an individual or business after all federal, state, and local taxes have been applied.