5 Questions
What does GDP measure?
The total amount of goods and services produced in a country
What do the letters GDP stand for?
Gross Domestic Product
Which of the following is a component of GDP?
Net Export
What is another name for Nominal GDP?
Market Value
Which of the following is NOT a component of GDP?
Transfer Payment
Test your knowledge of Gross Domestic Product (GDP) and its components, including nominal and real GDP, market value, and various types of expenditures. Learn what GDP measures and what the letters stand for.
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