GDP is defined as the dollar value of __________ in a given year.
A) the total output of the economy
B) all of the inputs used in the economy
C) all intermediate and final goods produced in the economy
D) the total purchases made in the economy
Correct Answer:
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Q48: When companies reduce their inventories,
A) the amount
Q49: In 2010,the United States imported about _
Q50: Official GDP numbers do not include the
Q51: The economy of the United States is
Q52: Gross domestic product (GDP)is the _ of
Q54: Which country has a higher GDP per
Q55: How are net exports calculated?
Q56: According to most estimates,the size of the
Q57: Exports are
A) goods and services produced in
Q58: What six items make up the gross
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