GDP & national income
8 practice questionsEconomicsStep-by-step solutions
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1
Gross Domestic Product (GDP) measures the:
A.Total market value of final goods and services produced in a country
B.Total money in circulation
C.Government's annual budget
D.Number of employed people
2
Intermediate goods are excluded from GDP to avoid:
A.Inflation
B.Double counting
C.Unemployment
D.Taxation
3
GDP measures the market value of what?
A.Only government salaries
B.Only household savings
C.Final goods and services produced in an economy
D.Only imported goods
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