An Estimate of the Total Money Value of All of the Goods

question 29

Multiple Choice

An estimate of the total money value of all of the goods and services produced in a given one-year period is the ______________.

• A) inflation rate
• B) tax base
• C) gross domestic product
• D) foreign product ratio
• E) ratio of goods to services

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Definitions:

Manumit

To release from slavery; to free a slave by the owner's decision.

Free Black Population

Describes Black individuals who were not enslaved, especially pertinent in pre-Civil War America.

Virginia Slaves

Enslaved African Americans who lived and worked in Virginia, historically one of the original thirteen colonies in the United States.

Thomas Jefferson

Thomas Jefferson was the third President of the United States, a Founding Father, and the principal author of the Declaration of Independence.