How is the GDP for Canada defined?
A) It is the value of all final goods and services produced in Canada in a given year.
B) It is the value of all goods and services produced by Canadians in a given year.
C) It is the value of all economic resources used in the production of a year's output.
D) It is the value of all goods and services,final and intermediate,produced in Canada in a given year.
Correct Answer:
Verified
Q26: Which of the following summations is GDP
Q27: What is a transfer payment?
A)The payment made
Q28: What would be the result if intermediate
Q29: Q30: All of the following,except one,are examples of Q32: What is the value of production? Q33: How can GDP be calculated?
A)It always
A)By adding together
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