Author Question: Gross domestic product (GDP) is (Read 20 times)

s.tung · **on:** May 25, 2020

Question 1

The price of one country's currency in terms of another country's currency is the
◦ terms of trade.
◦ currency valuation.
◦ exchange rate.
◦ balance of trade.

Question 2

Gross domestic product (GDP) is
◦ the total market value of all final goods and services produced within a given period by resources owned by a country's citizens regardless of where output is produced.
◦ the total market value of all final goods and services produced within a given period within a country.
◦ the total amount of income earned in the economy.
◦ a nation's total product minus what is required to maintain the value of its capital stock.

nhea · **Reply #1 on:** May 25, 2020

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