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Author Question: Gross domestic product (GDP) is defined as: a. the market value of all final goods and services ... (Read 74 times)

oliviahorn72

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on: Jun 30, 2018
Gross domestic product (GDP) is defined as:
 a. the market value of all final goods and services produced within the borders of a nation.
  b. incomes received by all of a nation's households.
  c. the quantity of each good and service produced by U.S. residents.
  d. none of these.

Question 2

GDP:
 a. is the dollar value of all the final goods and services produced within the borders of a nation.
  b. includes intermediate and final goods and services.
  c. minus an allowance for depreciation of fixed capital equals GNP.
  d. is a less-than-perfect measure of social well-being because it does not include exports and imports.
  e. all of these.


mirabriestensky

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Reply #1 on: Jun 30, 2018
Answer to Question 1

a

Answer to Question 2

a


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