Which of the Following Is the Best Definition of Gross

question 187

Multiple Choice

Which of the following is the best definition of gross domestic product (GDP) ?

• A) the market value of all intermediate goods and services
• B) the market value of all goods and services produced by resources located outside the country
• C) the market value of all final goods and services produced by resources located within the country
• D) the value added to the economy by intermediate goods and services minus the original cost
• E) the value of the total sales of financial assets

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Definitions:

Public Proceedings

Formal processes or meetings conducted in public by governmental or judicial bodies.

Fiscal Policies

Government policies related to taxation and spending that aim to influence the economy's level of activity.

Environmental Standards

Regulations and criteria set by governmental or international bodies to control the level of pollutants released into the environment and ensure the protection of natural resources.

Public Health

The science and practice of protecting and improving the health of communities through education, policy making, and research for disease and injury prevention.