The market value of final goods and services produced within a country during a period of time is called:

A. government documented production.
B. guaranteed direct prices.
C. gross domestic product.
D. general domestic productivity.

Answer: C

Economics

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An externality occurs when ________

A) the quantity demanded of a good exceeds the quantity supplied B) the quantity supplied of a good exceeds the quantity demanded C) the government regulates production and consumption decisions D) an economic activity affects third parties not engaged in the activity

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The Second Bank of the United States lost its charter, in part, because Andrew Jackson effectively argued to the voting members of Congress that the "central" bank was a monopoly and largely influenced by the corrupt and fraudulent behavior of a

wealthy minority and foreign investors. Indicate whether the statement is true or false

Economics