The GDP is a measure of the market value of all final goods and services produced in the economy in a given time period.
Answer the following statement true (T) or false (F)
True
GDP measures the total production of final goods and services in an economy and is an important variable for comparing two economies.
Economics
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Conditions that can throw the market off of perfect equilibrium:
What will be an ideal response?
Economics
Fiscal policy makers may indirectly control the money supply if
A) they vote to "print" more dollars B) the Fed targets interest rates C) the Fed "prints" money as cyclical deficits increase D) the budget deficit is a structural deficit
Economics