Where Are the Final Goods and Services Produced That Are

question 255

Multiple Choice

Where are the final goods and services produced that are included in Germany's GDP?

• A)within Germany
• B)anywhere,as long as they are produced using German resources
• C)outside of Germany
• D)anywhere,as long as they are produced using German labor
• E)within Germany but only if they are produced using only German resources

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Definitions:

Ledger Account

A record that keeps track of all the financial transactions pertaining to a specific account, forming part of the general ledger.

Transactions

The actions carried out between two or more parties that involve the exchange of goods, services, or financial assets.

Accounts Payable

Liabilities or money owed to suppliers or creditors for goods and services received but not yet paid for.

Service Revenue

Income earned by a company for the services it has provided to its customers.