Q26. You have just read an explanation of the figures you studying as the total dollar value of final goods and services produced within a country in one year after adjustment for inflation. What is this statement describing?

a.The definition of nominal GNP.

b.The definition of nominal GDP.

c.The definition of real GDP.

Q27. China had special economic zones originally in places such as Hong Kong and Shenzhen set up back in the 1980s. Why would the Chinese government support these areas with different rules like no tax on trade or different economic laws?

a.To facilitate a healthy economic environment and grow international trade.

b.To increase the number of programs where national taxes can be excised.

c.To contribute to economic health and growth by keeping more money in government.