Examlex

Solved

Which of the Following Is Not One of the Basic

question 8

Multiple Choice

Which of the following is not one of the basic economic questions that all economies must answer?


Definitions:

Final Goods And Services

Final goods and services refer to products and services that are consumed by the end-user and do not require any further transformation or processing.

Gross Domestic Product

The sum of the economic value of every product and service generated inside a nation's boundaries over a particular time frame.

Final Goods And Services

Products that have been processed to their final form and are available for consumption or investment without further modification.

Final Good

A product that is consumed by the end user and does not require any further processing or manufacturing.

Related Questions