Which of the Following Is Included in Gross Domestic Product

question 233

Multiple Choice

Which of the following is included in gross domestic product for an economy in a given year?

• A)the value of intermediate goods produced in that year
• B)the value of used goods sold in that year
• C)the value of final goods produced in that year
• D)All of the above would be included in gross domestic product for an economy in a given year.

Recognize the role of indigenous groups in environmental conservation and how it conflicts with industrial expansion.

Identify sustainable development practices and differentiate them from traditional exploitative methods.

Investigate consumer trends towards green products and ecological modernization theory.

Assess health-care costs associated with various environmental issues in Canada.

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Definitions:

Economic Growth

The increase in the inflation-adjusted market value of the goods and services produced by an economy over time.

World Bank

A global economic institution that provides funding and grants to the governments of less developed countries for the purpose of capital project completion.

Technical Assistance

Support provided, usually to developing countries or firms, in the form of expertise or knowledge transfer to foster growth or solve specific problems.

Microfinance

The provision of small loans and other financial services to low-income entrepreneurs and small-business owners in developing countries.