Gross Domestic Product Measures the

question 97

Multiple Choice

Gross Domestic Product measures the

• A)market value of the final goods and services consumed by households in a given year within a country.
• B)market value of the final goods and services produced in a given year within a country.
• C)measures the market value of the domestic labor in a given year within a country.
• D)quantity of the goods and services produced in a given year, listed item by item, within a country.
• E)income of the business sector within a country.

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Definitions:

Transformation

A thorough or dramatic change in form or appearance.

Isobutylbenzene

An organic compound made up of a benzene ring attached to an isobutyl group, used in the manufacture of other chemicals.

Benzene

A carcinogenic aromatic hydrocarbon with a ring of six carbon atoms, used as a starting material in the manufacture of many chemicals.

Organic Product

A molecule or compound produced from organic precursors, often through reactions involving carbon-based molecules.