GK
BUSINESS MANAGEMENT
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Gross Domestic Product; total market value of all goods and services which are produced within a country during a given period
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also called buying power; the value of money measured by the quality and quantity of products and services the money can by
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a risk related to the influence of a defect in the documentation on cash flow or dept service
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a risk of politically motivated interference of a foreign government
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occurs when a country depends too greatly on imports from one single country or when a country depends too greatly on exporting a very large number of exports to one single country
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Detailed explanation-1: -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: -Gross domestic product (GDP) is the standard measure of the value added created through the production of goods and services in a country during a certain period. As such, it also measures the income earned from that production, or the total amount spent on final goods and services (less imports).
Detailed explanation-3: -Gross Domestic Product (GDP) is the market value of all final goods and services produced within a country in a given period of time. 1. You can measure GDP by measuring the income of all the households of a given country. It is calculated by adding up all the total income in the economy.
Detailed explanation-4: -What is Gross Domestic Product? A comprehensive measure of U.S. economic activity. GDP measures the value of the final goods and services produced in the United States (without double counting the intermediate goods and services used up to produce them).
Detailed explanation-5: -GDP is the sum total of the goods and services produced within a country, used to compare countries’ economic performance. GDP can be measured by calculating consumption and investment, the value of final goods, or total income.