Gross domestic product is
- final market value of all goods and services by domestic producers both here and abroad
- total market value of all final goods and services produced by resources in the U.S
-TOTAL MARKET VALUE OF ALL GOODS AND SERVICES produced by resources in the U.S.
Gross domestic product is - final market value of all goods and services by domestic producers...
4) Gross Domestic Product (GDP) is defined as the market value of: A) all goods and services sold during the year by domestic and foreign producers. B) all final consumer goods produced during the year by domestic and foreign suppliers. C) all intermediate goods produced during the year by domestic and foreign suppliers. D) all final goods and services produced within the boundaries of an economy during the year by domestic and foreign-supplied resources.
10) Gross domestic product is A) the market value of all the final goods and services produced in a country during a given time period. B) the market value of all goods and services produced in a country during a given time period. C) the final value of all goods produced in a country in a given time period. D) the market value of all the intermediate goods and services produced in a country during a given time period. E)...
I 1) Gross Domestic Product (GDP) is A) the total wholesale value of all final goods and services produced by factors of production owned by citizens of a nation B) the total market value of all services produced by factors of production located within a nation's borders. C) the total market value of all goods produced within a nation's borders D) the total market value of all final goods and services produced by factors of production located within a nation's...
Gross domestic product is: the finished value of all marketable goods and services produced in a country over a year. o the market value of all intermediate goods and services produced in a year. the market value of all final goods and services produced by domestically owned factors of production in a year. o the market value of all final goods and services produced in a country over a year.
11) Gross Domestic Product (GDP) is An thetotal wholisagoods and services producedby fciors oduion owned by citizens of a nation. B) the total market value of all services produced by factors of production located within a nation's borders. C) the total market value of all goods produced within a nation's borders. D) the total market value of all final goods and services produced by factors of production located within a nation's borders. 12) Intermediate goods are A) goods that are...
Gross Domestic Product (GDP) measures: the market value of goods and services produced by the citizens of the country, regardless of where they live and work. the market value of goods and services produced within the geographic borders of the country, regardless of the nationality of the workers or the owners of the productive factors. the value of goods and services produced by the domestically-owned factors of production within the geographic borders of the country. the value of goods produced...
Gross national product, GNI is the market value of all final goods and services o consumed by residents of the country anywhere in the world. o produced by residents of the country anywhere in the world. consumed within the country. o produced within the country.
The gross domestic product (GDP) of the United States is defined as the market value of all final goods and services produced within the United States in a given period of time. Based on this definition, indicate which of the following transactions will be included in (that is, directly increase) the GDP of the United States in 2015. Scenario 2015 GDP Included Excluded Chocolate Express, a Swiss chocolate company, produces a chocolate bar at a plant in Illinois on December...
7. The difference between nominal Gross Domestic Product and real Gross Domestic Product a.is that nominal Gross Domestic Product includes only the values of final goods and services, while real Gross Domestic Product includes the values of both final and intermediate goods and services. b. is that real Gross Domestic Product includes the value of all goods sold in the country (whenever they were produced) during the period, while nominal Gross Domestic Product includes the value of all goods produced...
The gross domestic product (GDP) or gross domestic income (GDI), a basic measure of an economy's economic performance, is the market value of all final goods and services made within the borders of a nation in a year. briefly describe why it’s so important.