QUESTI 10 points Save Answer What is the difference between gross domestic produ

Question

QUESTI 10 points Save Answer What is the difference between gross domestic product and net domestic product? O net domestic product includes value produced by US factors of production in other O gross domestic product includes spending on replacing depreciaterd O net domestic product includes only spending on durable goods Ogross domestic product includes government spending on transfer QUESTI 10 points Save Answer What is most likely happening rising, but it s real GDP per C) its price level is growing ?f a country s real GDP is capita is falling? faster than its output 0 Its output is growing faster than its price level Its output is growing faster than its population Its population is growing faster than its output

Explanation / Answer

Answer 1;

Option B. The difference between Net and Gross Domestic Product is depreciation. Gross Domestic Product includes spending on replacing depreciated capital.

Answer 2:

Option d. Real GDP per capita = Real GDP / Population. If real GDP per capita is declining then population is growing at a faster rate as compared to growth in output.

Related Questions

Navigate

• Browse (All)
• Browse Q
• Subjects

---

---

Integrity-first tutoring: explanations and feedback only — we do not complete graded work. Learn more.