Which criterion is chosen by World Bank to rank World’s economies?Select one:a.Nominal GDPb.Real GDPc.NNPd.None of these

Which number does the World Bank use to determine the status and classification of each nation?Question 4Select one:a.Gross National Incomeb.Gross Domestic Productc.Purchasing Power Parityd.Organization for Economic and Cooperative Development dataClear my choice

This refers to the market value of all final goods & services produced within the country.___Select one:a. GDPb. Neither GDP nor GNPc. Both GDP and GNPd. GNP

Which of the following institutions helps govern the international monetary system? Select one: a. IMF b. UN c. PPP d. WTO

Under the classical dichotomy, which of the following does not determine real GDP in the long run?Group of answer choicesTFPThe aggregate price levelNew ideasThe investment rate

A problem with GDP per capita is:Group of answer choicesit is a rough measure of a country’s standard of living relative to other countriesit only calculates domestic productionit doesn’t take into effect the productivity of international marketsit doesn’t reflect differences in wealth within a country