The Word "Final" in the Definition of GDP Refers to

question 58

Multiple Choice

The word "final" in the definition of GDP refers to

• A)the time period when production took place.
• B)counting the intermediate goods and services used to produce GDP.
• C)not counting intermediate goods or services.
• D)valuing production at market prices.

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Definitions:

Local

Relating to or occurring in a particular area, community, or locality; often used to emphasize the importance of community-based or region-specific characteristics.

Reterritorialization

The process by which a space or territory is reorganized and redefined, often in response to social, cultural, or economic changes.

Mass Tourism

Large-scale tourism that involves a significant number of visitors to a particular destination, often leading to environmental and cultural impact.

Amsterdam Locals

Residents or native people of Amsterdam, the capital city of the Netherlands.