Educated people have add greater values to the GDP of the economy.
True
False
True. Educated people can often work in the services sector which contributes greater amounts to the GDP.
The current level of expenditure on education as a proportion of GDP is about 4 percent. State true or false.
The total amount of money stock in the economy is much greater than the volume of high powered money. State true or false.
Real GDP is always larger than real GDP per capita. State true or false.
Purely financial activities have no effect on the GDP - either directly or indirectly. State true or false.
Economies of U.K. and U.S.A are termed as the capitalist economy or market economy. State true or false.