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Gross Domestic Product (GDP)is Defined as

Question 37

Multiple Choice

Gross Domestic Product (GDP) is defined as


A) The total volume of goods and services produced in the economy in a year's time
B) The value of all goods produced in the economy in a year's time,minus production of capital goods
C) The value of all goods and services produced in final form in the economy in a year's time using domestically owned resources
D) The value of all goods and services that could possibly be produced in the economy in a year's time
E) None of the above

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