National Defence Services Provided by the Military Are

question 135

Multiple Choice

National defence services provided by the military are

• A) included in GDP at market prices.
• B) included in GDP at cost.
• C) excluded from GDP because they are not sold in markets.
• D) excluded from GDP because they are intermediate goods.
• E) excluded from GDP because they are publicly provided.

---

Definitions:

Direct Foreign Investment

Investment made by a company or entity based in one country, into a company or entity based in another country.

State Industries

Industries that are owned, controlled, or heavily regulated by government entities to provide public services or goods.

Central Banks

National institutions tasked with overseeing a country's currency, money supply, and interest rates, and supervising its banking system.

Developing Countries

Nations with relatively lower levels of industrialization, lower standards of living, and often a lower Human Development Index (HDI) compared to developed countries.