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:

Metropolitan Areas

Include downtown city cores and their surrounding suburbs.

Demographic Transition Theory

A theory that describes the transition from high birth and death rates to lower birth and death rates as a country or region develops from a pre-industrial to an industrialized economic system.

Industrialization

The process of developing industries in a country or region on a wide scale.

Fertility Rate

The mean number of offspring a woman has during her life in a certain demographic group.