Gross domestic product GDP) measures the
A) number of final goods and services sold in the economy in a given time period.
B) number of final goods and services produced in the economy in a given time period.
C) market value of final goods and services produced in the economy in a given time period.
D) market value of old and new final goods and services sold in the economy in a given time period.
Correct Answer:
Verified
Q3: Which of the following is a final
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
Q9: Gross domestic product GDP) is the_ in
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
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