The precise definition of GDP is the total value of all
A) goods and services produced by a nation,minus household labor
B) goods and services produced by a nation,minus depreciation
C) goods and services produced for the marketplace during a given period
D) final goods and services produced for the marketplace during a given period,within a nation's borders
E) final goods and services produced within a nation's borders and by this nation's citizens abroad during a given period
Correct Answer:
Verified
Q11: This year,Tom sold his 1998 minivan to
Q12: Which of the following is the best
Q13: Which of the following units is used
Q14: GDP is a flow variable because it
Q15: When measuring GDP,economists count only the values
Q17: Used car dealerships add nothing to GDP
Q18: Which of the following is the best
Q19: Gross domestic product (GDP)is
A) the total value
Q20: A midwestern farmer grows wheat and sells
Q21: Purchases of stocks and bonds are examples
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