The Total Value of the Output of Goods and Services

question 14

Multiple Choice

The total value of the output of goods and services in a year in a country is its

• A) gross national income.
• B) primary economic sector.
• C) productivity index.
• D) value added.
• E) gross domestic product.

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Definitions:

Rate of Return

The percentage of net gain or loss on an investment over a specified time period.

Cash Flows

The total amount of money being transferred into and out of a business, particularly affecting the operational activities.

Annual Payment

A recurring payment made once a year for a variety of purposes, including loan repayments, leases, and annuities.

Perpetuity

A type of annuity that pays a fixed amount of money to an individual indefinitely, without a termination date.