The value of plant and equipment worn out in the process of manufacturing goods and services is measured by ?

UK GDP would exclude which of the following ?

A. Lawyer services purchased by a home buyer

B. The purchase of a new Nissan produced in Sunderland

C. Copper purchased by tap manufacturer Bristan

D. A new art gallery purchased by the city of Newcastle

E. Lawn care services purchased by a home owner.

Real GDP is measured in __________ prices while nominal GDP is measured in _________ prices?

A. foreign; domestic

B. current year; base year

C. domestic; foreign

D. base year; current year

E. intermediate; final

If a cobbler buys leather for Rs100 and thread for Rs50 and uses them to produce and sell Rs500 worth of shoes to consumers the contribution to GDP is ?

A. Rs50

B. Rs100

C. Rs650

D. Rs500

Gross Domestic Product is the sum of the market value of the ?

A. intermediate goods

B. final goods and services

C. manufactured goods

D. inferior goods and services

E. normal goods and services

Gross Domestic Product can be measured as the sum of ?

A. final goods and services intermediate goods, transfer payments, and rent

B. consumption investment government purchases and net exports

C. consumption transfer payments. wages and profits

D. Net National Product Gross National Product, and Disposable personal income

E. investment wages profits and intermediate production