GDP is defined as the market value of all __________in a given time period.
A) final goods and services produced in a country
B) final goods and services produced by citizens of a particular country regardless of where in the world they are located
C) final goods and services produced in a country by only the citizens of the country
D) final goods produced in a country
Correct Answer:
Verified
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
Q15: The word ʺfinalʺ in the definition of
Q17: Gross domestic product is a measure of
Q18: In 2011, Ozzie purchased a 2008 Ford
Q19: A loaf of bread purchased by one
Q20: If Frito Lay, an American snack company,
Q21: In the circular flow diagram, aggregate expenditure
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