9:17 15. C+I+G+Xequals a nct national peoduct 16. Gross domestie product is the

Question

9:17 15. C+I+G+Xequals a nct national peoduct 16. Gross domestie product is the sum of 17. Which of the following is included in figuring GDP as income? Investme e. Impoets 18. Nominal GDP d tonds to rise by a smaller amount than real GDP whcnth pemcrall price l 19. What is a consumer price index? 20. Foreign exchange constitutes a fonig stock market activiay b. the balance of payments d currency and bank deposits hal are denominated in n m 2 Which of the following is not a form of foreign exchange? . Domestic .Nose Dall of these are a form of forcige cchungs 22. The foreign exchange market a.islolled the New York Sack Escharge

Explanation / Answer

(15) (e)

GDP = Consumption + Investment + Government spending + Net export

(16) (a)

(17) (b)

Except profits, other items are components of GDP using expenditure method.

(18) (c)

Nominal GDP is the sum of current year output of goods measured at current year prices.

(19) (b)

(20) (d)

Foreign exchange comprises currency and bank deposits denominated in foreign currency.

(21) (c)

(22) (e)

A foreign exchange market can be located anywhere, and it deals with buying and selling of foreign currency.

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