16. Gross Domestic Product (GDP) measures:
a) The value of all goods and services produced in a country in a specific time period
b) The value of exports minus the value of imports
c) The value of investments in the stock market
d) The value of foreign direct investments
17. The term “Fiscal Policy” refers to:
a) Government’s policy regarding taxes and spending
b) Central bank’s policy regarding interest rates
c) Government’s policy regarding international trade
d) Central bank’s policy regarding money supply
18. The term “Monetary Policy” refers to:
a) Government’s policy regarding taxes and spending
b) Central bank’s policy regarding interest rates
c) Government’s policy regarding international trade
d) Central bank’s policy regarding money supply
19. Economic development refers to:
a) Increase in GDP per capita
b) Increase in population growth rate
c) Increase in inflation rate
d) Increase in trade deficit
20. The term “FDI” stands for:
a) Foreign Development Index
b) Foreign Domestic Investment
c) Foreign Direct Investment
d) Fiscal Deficit Indicator
