How is Gross Domestic Product (GDP) measured: A. by counting the nation's expenditures on all final goods and services produced during the year at market price. B. by counting all of what is made by American companies all over the world C. by counting the nation's expenditures on all goods and services used in the production of other goods and services during ;the year at market price D. by count
How is Gross Domestic Product (GDP) measured: A. by counting the nation's expenditures on all final goods and services produced during the year at market price. B. by counting all of what is made by American companies all over the world C. by counting the nation's expenditures on all goods and services used in the production of other goods and services during ;the year at market price D. by count
Chapter5: Gross Domestic Product
Section: Chapter Questions
Problem 9SQ
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How is Gross Domestic Product (GDP) measured:
A. by counting the nation's expenditures on all final goods and services produced during the year at market price.
B. by counting all of what is made by American companies all over the world
C. by counting the nation's expenditures on all goods and services used in the production of other goods and services during ;the year at market price
D. by counting only what is made by American companies in our nation's borders
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