Author Question: Gross domestic product is a measure of the total value of all A) sales in an economy over a ... (Read 122 times)

ericka1 · **on:** Jun 29, 2018

Gross domestic product is a measure of the total value of all

A) sales in an economy over a period of time.
B) consumer income in an economy over a period of time.
C) capital accumulation in an economy over a period of time.
D) final goods and services produced in an economy over a period of time.

Question 2

Gross domestic product

A) includes all the goods and none of the services produced in an economy in a given time period.
B) measures the value of the aggregate production of goods and services in a country during a given time period.
C) measures the value of labor payments generated in an economy in a given time period.
D) is generally less than federal expenditure in any time period.