Gross Domestic Product Equals the

question 167

Multiple Choice

Gross Domestic Product equals the

• A)total output of all goods and services produced by resources located in the U.S.
• B)market value of all goods and services produced by resources located in the U.S.
• C)market value of all final goods and services produced by resources located in the U.S.
• D)value added to the economy by intermediate goods and services minus original cost
• E)value of total sales of goods and services produced in the U.S.

---

Definitions:

Indian Tribes

Indigenous communities recognized by governments as having a certain degree of autonomy and cultural distinctiveness.

Atlantic Trade Network

A complex maritime trading system that connected Europe, Africa, and the Americas, facilitating the exchange of goods, slaves, and commodities.

English Civil Wars

A series of armed conflicts and political machinations between Parliamentarians ("Roundheads") and Royalists ("Cavaliers") in England in the mid-17th century.

Society of Friends

Also known as Quakers, a Christian group that emerged in England in the 17th century, known for its practices of pacifism, simple living, and consensus decision-making.