The total market value of all final goods and services produced in a country in a year is:
A) NNP.
B) GNP.
C) NDP.
D) GDP.
Correct Answer:
Verified
Q29: Which of the following would not be
Q30: In what category is the purchase of
Q31: If an economy produces 100 pencils valued
Q32: Personal consumption expenditures consist of:
A)household and individual
Q33: If U.S. net exports are positive, then
Q35: In what category of national income accounting
Q36: If an economy produces 100 pencils and
Q37: The largest expenditure component of GDP is:
A)consumption.
B)investment.
C)net
Q38: Negative net exports means:
A)GDP is lower than
Q39: To calculate GDP:
A)add the quantity of all
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