Question 1

The total sum of the goods and services produced in a country in a year, minus depreciation is called as ________.

Accepted Answer

Gross Domestic Product : It is the total value of all final goods and services produced within the boundary of country during the given period of time. Gross National Product : It is the total value of the total output or production of final goods and services produced by the nationals of a country during a given period of time. Gross National Income : It is the total domestic and foreign output claimed by residents of a country, consisting of gross domestic product (GDP) plus factor incomes earned by foreign residents, minus income earned in the domestic economy by non-residents. Net National Product : The total value of goods produced and services provided in a country during one year, after depreciation of capital goods has been allowed for.

Question 2

Disinvestment means-

Accepted Answer

Disinvestment is the action of an organization or government selling or liquidating an asset or subsidiary.

Accounting and Finance Questions