Question

____________ is used by the IMF and World Bank for comparative analysis of its members.

• A. NNP (Net National Product)
• B. GNP (Gross National Product)
• C. GDP (Gross Domestic Product)
• D. None of the above

Answer 1

The correct option is C GDP (Gross Domestic Product)

The income measure used by IMF and World Bank for comparative analysis of its members or member countries is GDP or Gross Domestic Product

Gross Domestic Product is the broad quantitative measure of economic activity

It is the measure of the market value of all final goods and services produced in a year.