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Questions and Answers
Which term refers to the total value of goods and services produced within a country's borders in a specific time period?
Which term refers to the total value of goods and services produced within a country's borders in a specific time period?
- Gross National Product (GNP)
- Gross Domestic Product (GDP) (correct)
- Domestic goods
- Foreign goods
What is the term for businesses that focus on producing physical goods?
What is the term for businesses that focus on producing physical goods?
- Services Business
- Goods-producing businesses (correct)
- Small Business
- Business
What is the term for reducing the size of a company's workforce to increase efficiency and reduce costs?
What is the term for reducing the size of a company's workforce to increase efficiency and reduce costs?
- Downsize (correct)
- Empowerment
- Franchisee
- Entrepreneur
