Gross domestic product GDP) is the__________ in a given time period.
A) value of all final and intermediate goods and services produced by the economy excluding those goods exported to foreign nations
B) sum of wage and salary compensation of employees and corporate profits
C) value of personal consumption expenditures, gross private domestic investment, and federal government expenditures
D) market value of final goods and services produced by the economy
Correct Answer:
Verified
Q4: Which of the following expenditures is for
Q5: Intermediate goods are excluded from GDP because
A)
Q6: GDP does not directly include intermediate goods
Q7: A ton of coal purchased by your
Q8: Gross domestic product GDP) measures the
A) number
Q10: If Nike, an American corporation, produces sneakers
Q11: Gross domestic product
A) includes all the goods
Q12: The calculation of the final goods and
Q13: Gross domestic product is the total_produced within
Q14: In the definition of GDP, ʺmarket valueʺ
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