The Market Value of All Final Goods and Services Produced

question 56

Multiple Choice

The market value of all final goods and services produced in a nation during a particular period is called the:

• A)gross domestic product.
• B)net national product.
• C)national income.
• D)gross national product.
• E)gross world product.

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Definitions:

Precise

Marked by exactness and accuracy of expression or detail.

Respect

The admiration or deference shown towards something or someone considered important, valuable, or authoritative.

Sports Fun

The joy and enjoyment derived from engaging in physical activities and games.

Role Model

An individual whose behavior, example, or success is or can be emulated by others, especially younger people.