The gross domestic product (GDP) measures ________
A) the overall market value of final goods and services produced in a country in a given year
B) the overall gross profit a country earns in a given year
C) a country's overall income resulting from production in a year
D) a country's overall expenditures in a given year
E) a country's overall increase in profitability from one year to the next
A
Explanation: A) GDP measures market value of all goods and services produced in a country, including goods and services produced by foreign-owned companies that operate in the country.
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Which of the following statements does NOT apply to qualitative data?
a. It employs member checking b. It is more textual in nature c. Its goal is to understand a phenomenon instead of quantifying the magnitude of relationships d. The analysis of such data is non-iterative e. The analysis is largely inductive
Retailer promotions are ineffective in getting customers to increase their purchase quantities
Indicate whether the statement is true or false