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Questions and Answers
What does GDP measure?
What does GDP measure?
- The total amount of goods and services produced in a country (correct)
- The total number of people employed in a country
- The total amount of investments made in a country
- The total amount of money spent by consumers in a country
What do the letters GDP stand for?
What do the letters GDP stand for?
- General Development Parameters
- Gross Domestic Product (correct)
- Government Development Program
- Global Development Projects
Which of the following is a component of GDP?
Which of the following is a component of GDP?
- Net Export (correct)
- Real GDP
- Market Value Added
- Net Import
What is another name for Nominal GDP?
What is another name for Nominal GDP?
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Which of the following is NOT a component of GDP?
Which of the following is NOT a component of GDP?
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