Start practising
Practice mode Natural Resources and the Environment Toward Sustainable Development

Which of the following is included in GDP?

Correct answer B. Consulting services

Explanation

GDP covers final goods and services sold legally in markets, so paid consulting work counts, whereas housework, leisure, illegal sales and intermediate sales are excluded.

Report a problem

Answer checked How we write and check questions

Tip: press A, B, C or D to answer, and N for the next question.

Advertisement

More Natural Resources and the Environment Toward Sustainable Development questions

See all
Question 01 Natural Resources and the Environment Toward Sustainable Development

If Pakistan’s GDP is greater than its GNP, what does this mean?

Correct answer A. Foreigners are producing more in Pakistan than Pakistanis are producing in foreign countries

Open question
Question 02 Natural Resources and the Environment Toward Sustainable Development

You buy a Rs 40,000 BMW in Pakistan that was made entirely in Germany. How is this purchase recorded in Pakistan’s GDP accounts?

Correct answer A. Consumption increases by Rs 40,000 and net exports decrease by Rs 40,000

Open question
Advertisement

Discussion

Have a question about this answer?

Your email address will not be published. Required fields are marked *

Links and website addresses are not allowed in comments.