Natural Resources and the Environment Toward Sustainable Development
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- Natural Resources and the Environment Toward Sustainable Developmenteconomics-mcqs › natural-resources-and-the-environment-toward-sustainable-development
- Published
- 30 May 2019
- Last updated
- 28 May 2026
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Explanation
Option A is correct because GDP per capita indicates overall wealth but does not directly measure personal income or well-being. Although GDP measures economic output (B) and excludes quality considerations (C), these do not fully explain why quality of life may not improve. Additionally, GDP is typically calculated annually, not every five years (D).
More Natural Resources and the Environment Toward Sustainable Development MCQs
Practice related questions from the same subject.
- 1.Which of the following items is not included in the calculation of the UK's GDP?
- 2.Real GDP is calculated using _________ prices, whereas nominal GDP is calculated using _________ prices.
- 3.A cobbler purchases leather for Rs100 and thread for Rs50, then crafts and sells shoes valued at Rs500 to customers. What is the contribution to GDP from this activity?
- 4.What does Gross Domestic Product (GDP) represent in terms of market value?
- 5.Which of the following represents the components used to calculate Gross Domestic Product?
- 6.What term describes the reduction in value of plant and equipment due to use during the production of goods and services?
- 7.Which adjustment is required to convert Gross National Product (GNP) into Net National Product (NNP)?
- 8.What typically happens to supply during an economic boom?
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