GDP is defined as the
A) total value of business sales of goods and services during a given period.
B) total value of all final goods and services produced during a given period.
C) value of all economic transactions made among consumers, businesses, and government during a particular period.
D) measure of economic and social welfare for the economy.
Correct Answer:
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Q21: Private investment plays a crucial role in
Q39: Which of the following items would not
Q40: In the calculation of GDP, the value
Q41: Which of the following is an expenditure
Q42: A trade deficit occurs when
A)imports are less
Q44: The purchases of U.S.products by citizens of
Q46: If exports are less than imports,
A)net imports
Q47: Social Security payments to U.S.citizens are called
A)transfer
Q48: Value added is defined as
A)the value of
Q54: A country's exports minus its imports measures:
A)
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