Gross domestic product measures the
A) quantity of the goods and services produced in a given year, listed item by item, within a country.
B) income of the business sector within a country.
C) market value of the final goods and services produced in a given year within a country.
D) market value of the domestic labor in a given year within a country.
E) market value of the final goods and services consumed by households in a given year within a country.
Correct Answer:
Verified
Q2: Which of the following is classified as
Q3: GDP is best defined as the _
Q15: The total production within an economy is
Q16: A measure of a country's production is
Q19: Gross domestic product is equal to the
Q22: Bob's Funky T-shirts began the year with
Q29: This year a firm produces $100 million
Q31: Consumption goods and services include
A)washing machines and
Q38: Expenditures on U.S.produced steaks,shoes,and doctor visits are
Q41: Net exports of goods and services is
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents