Question

5. To calculate GDP we need: A) Quantity or final goods and services produced in a country. B) Prices of final goods and services. Alternatives: ay Only 1 c) Both 1 and 2 b) Only 2 d) Neither 1 nor 2​

Answer 1

Answer:

a

Explanation:

quantity or final good and services

Answer 2

Answer:

(D) Neither (a) and (b)​

Explanation:

The calculation of a country's GDP includes all private and public consumption, government outlays, investments, additions to private inventories, paid-in construction costs and the foreign balance of trade.

To calculate GDP we don't need (a) Quantity of final goods and services produced in a country, (b) Prices of final goods and services.

So, option (D) Neither (a) and (b)​ is correct.

Thank you.