A Measure of the Output of Goods and Services in an Economy

question 105

Multiple Choice

A measure of the output of goods and services in an economy is called:

• A) output
• B) money supply
• C) gross domestic product
• D) velocity

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Definitions:

Intelligence

The capacity for learning, understanding, problem-solving, and the ability to acquire and apply knowledge.

Brainstorming

Brainstorming is a creative problem-solving technique involving the spontaneous contribution of ideas from all members of a group to generate a wide range of solutions.

Internal Motivation

The drive to achieve or perform that comes from within an individual, rather than from external pressures or rewards.

Stark Environments

Settings that are harsh or bare, minimally providing for comfort or aesthetic appeal.