Which one of the following statements is INCORRECT? A) The ...

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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.

[C.mcnichol98]

Answer to Question 1

Answer: A

Answer to Question 2

Answer: C

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Correct answers!

[C.mcnichol98]

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