INTRODUCTION TO FOOD TECHNOLOGY
IMPORTANCE OF FOOD TECHNOLOGY IN TODAYS WORLD
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Grand Domestic Population
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Gross Domestic Population
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Grand Domestic Product
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Gross Domestic Product
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Detailed explanation-1: -Measuring GDP. GDP measures the monetary value of final goods and services-that is, those that are bought by the final user-produced in a country in a given period of time (say a quarter or a year). It counts all of the output generated within the borders of a country.
Detailed explanation-2: -GDP is not a measure of “wealth” at all. It is a measure of income. It is a backward-looking “flow” measure that tells you the value of goods and services produced in a given period in the past.
Detailed explanation-3: -These methods are: The Output Method (all value added by each producer), The Income Method (all income generated) and. The Expenditure Method (all spending).
Detailed explanation-4: -GDP measures the monetary value of goods and services produced within a country’s borders in a given time period, usually a quarter or a year. Changes in output over time as measured by the GDP are the most comprehensive gauge of an economy’s health.