Which Term Refers to the Total Value of All Goods

question 55

Multiple Choice

Which term refers to the total value of all goods and services produced within a given period by a national economy through domestic factors of production?

• A) Standard of living
• B) Aggregate output
• C) Gross domestic product
• D) Gross national product
• E) Purchasing power parity

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Definitions:

Pelvic Cavity

A body cavity that is bounded by the bones of the pelvis and contains reproductive organs, the urinary bladder, and the rectum.

Bipedal Walking

The ability to walk upright on two legs, a characteristic feature of humans and their ancestors that distinguishes them from other primates.

Phalanges

Bones in the fingers or toes.

Mineral

In the diet, an element that is required in small amounts for normal metabolism.