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Author Question: Which one of the following statements is INCORRECT? A) The higher the GDP of a country, the more ... (Read 19 times)

ARLKQ

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on: Jul 14, 2018
Which one of the following statements is INCORRECT?
 
  A) The higher the GDP of a country, the more equal its income distribution.
  B) The primary sector accounts for a larger share of GDP for LDCs than MDCs.
  C) Workers in MDCs are more productive than those in LDCs.
  D) The HDI is a function of economics, social, and demographic indicators.
  E) PPP accounts for differences in cost among countries for the same basket of goods.

Question 2

Gross domestic product (GDP) is the
 
  A) total value of the outputs minus inputs of goods and services produced in a country during a year.
  B) total value of exports of goods and services produced in a country during a year.
  C) total value of outputs of goods and services produced in a country during a year.
  D) total value of human capital development in a country during a year.
  E) total value of investments made in domestic and foreign sources of revenue during a year.


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C.mcnichol98

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Reply #1 on: Jul 14, 2018
Answer to Question 1

Answer: A

Answer to Question 2

Answer: C


ARLKQ

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Reply #2 on: Jul 14, 2018
Correct answers!


C.mcnichol98

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Reply #3 on: Jul 14, 2018
Great! Please up vote :D


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