“In 2022, India’s GDP was $3,386.4 billion whereas its GNP was $3,370.15 billion”. The reason for the difference in the two figures is that:A. GDP includes foreign investment, while GNP does not.B. GNP is used for developed countries, while GDP is used for developing countries.C. GDP is a measure of the overall wealth of a nation, while GNP focuses on the distribution ofincome within a country.D. GDP measures the total economic output within a country's borders, Why should India be cautious about using Gross Domestic Product (GDP) as the primary measure ofeconomic growth?A. GDP does not account for the value of services, only goods.B. GDP provides an accurate reflection of income inequality.C. GDP does not consider changes in a country's population.D. GDP is unaffected by changes in government policies.
“In 2022, India’s GDP was $3,386.4 billion whereas its GNP was $3,370.15 billion”. The reason for the difference in the two figures is that:
A. GDP includes foreign investment, while GNP does not.
B. GNP is used for developed countries, while GDP is used for developing countries.
C. GDP is a measure of the overall wealth of a nation, while GNP focuses on the distribution of
income within a country.
D. GDP measures the total economic output within a country's borders,
Why should India be cautious about using
economic growth?
A. GDP does not account for the value of services, only goods.
B. GDP provides an accurate reflection of income inequality.
C. GDP does not consider changes in a country's population.
D. GDP is unaffected by changes in government policies.
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