Examlex
Which of the following statements is true?
Product Market
A market in which products are sold by firms and bought by households.
Tax Revenue
The income that is gained by governments through taxation.
Public Sector
The part of the economy composed of government services and institutions, funded and operated by the government.
Domestic Output
Domestic output, also known as gross domestic product (GDP), is the total value of all goods and services produced within a country's borders in a specific time period.
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