Gross domestic product is calculated by summing up
A) the total market value of goods and services in the economy.
B) the total quantity of goods and services produced in the economy during a period of time.
C) the total quantity of goods and services in the economy.
D) the total market value of final goods and services produced in the economy during a period of time.
D
Economics
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When a U.S. company shifts some of its production to Mexico, it is engaging in
A) involuntary exchange. B) outsourcing. C) insourcing. D) self-sufficiency.
Economics
As an individual's consumption of a good increases
A) his or her total utility increases. B) his or her marginal utility increases. C) the price of the good increases. D) All of the above answers are correct.
Economics