Gross domestic product (GDP) measures the
A) number of final goods and services produced in the economy in a given time period.
B) market value of old and new final goods and services sold in the economy in a given time period.
C) number of final goods and services sold in the economy in a given time period.
D) market value of final goods and services produced in the economy in a given time period.
Correct Answer:
Verified
Q2: Which of the following expenditures associated with
Q3: Gross domestic product
A) includes all the goods
Q4: If Nike, an American corporation, produces sneakers
Q5: A ton of coal purchased by your
Q6: GDP does not directly include intermediate goods
Q8: The word "final" in the definition of
Q9: Intermediate goods are excluded from GDP because
A)
Q10: Double counting (counting the same thing twice)
Q11: The calculation of the final goods and
Q12: Gross domestic product is a measure of
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