Which Refers to the Total Amount of Goods and Services

question 15

Multiple Choice

Which refers to the total amount of goods and services produced in a year within the borders of a country?

• A) total national output
• B) net national product
• C) gross domestic product
• D) gross national product
• E) total domestic product

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Definitions:

Limited Changes

Minor or restrained modifications made to a product, service, or policy, often aimed at improvements without overhauling the existing structure.

Consumerism

A movement, made up of citizens and government entities, that focuses on protecting consumers and promoting their interests.

Consumers

Individuals or entities that purchase goods or services for personal use and not for manufacturing or resale purposes.

Consumerism

The societal and economic order that encourages the acquisition of goods and services in ever-increasing amounts.