Which of the Following Observations Concerning Different Measures of National

question 214

Multiple Choice

Which of the following observations concerning different measures of national income is true?

• A)GDP does not include income earned by foreigners who own resources in that nation.
• B)Using GNI can give the impression that people in less-developed countries have more income than they really do.
• C)GNI per capita is a useful figure because it gives some idea of the income level of people in the country.
• D)The less-developed nations account for the biggest share of the world's GDP.
• E)GDP is the only measure of national income.

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Definitions:

Vanilla Approach

The vanilla approach is a basic, straightforward strategy or method without any customization or modification, often used in software implementation.

On-Premise ERP

Enterprise Resource Planning systems that are installed and run on computers on the premises of the organization using the software, rather than at a remote facility.

Drill-Down Report

A report that allows users to view more detailed data by clicking on summary information, often used in business intelligence applications.

Custom Approach

A custom approach involves creating tailor-made strategies, solutions, or methods designed to address specific challenges, goals, or requirements.