Gross Domestic Product
Trending Questions
Q. Who developed the concept of Gross Domestic Product or GDP?
- Mahbub ul Haq
- Tyler Cowen
- Simon Kuznets
- Irving Fisher
Q. Antima, an economist, was calculating a nation's GDP for 2020-21. She erroneously included the prices of intermediate and final goods in her calculation. Determine the economic impact of this situation.
- It will result in no changes.
- It will result in double counting.
- It will exaggerate the value of GDP.
- It will lessen the value of GDP.