Gross domestic product is a measure of the total value of all
A) capital accumulation in an economy over a period of time.
B) sales in an economy over a period of time.
C) consumer income in an economy over a period of time.
D) final goods and services produced in an economy over a period of time.
Correct Answer:
Verified
Q65: The circular flow diagram shows
A)the effects of
Q66: Real GDP is
A)an increase in the average
Q67: In any year, real GDP
A)always equals potential
Q68: Net exports of goods and services equal
Q69: Gross private domestic investment is all purchases
Q71: The business cycle refers to
A)changes in the
Q72: Potential GDP is
A)always different from real GDP.
B)another
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