GDP stands for

(a)

Gross Domestic Product

(b)

Gross Direct Product

(c)

Gross Domestic Provident

(d)

Gross Derived Product

Value of output =

(a)

Sales + Change in stock

(b)

Sales - Change in stock

(c)

Sales \(\div\) Change in stock

(d)

Sales x Change in stock

GNP is the total measure of the flow of _______ and services.

(a)

Semi goods

(b)

Semi finished good

(c)

Final goods

(d)

None of these

Goods and services produced in a year to satisfy immediate wants is known as ________.

(a)

Production

(b)

Consumption

(c)

Distribution

(d)

Exchange

The difference between value of exports and imports of goods and services is known as

(a)

X - M

(b)

G + I

(c)

X x M

(d)

All the above