The Total Value of All Goods and Services Produced by a Country

question 186

Multiple Choice

The total value of all goods and services produced by a country in a 12-month period regardless of where the factors of production are located is known as

• A) Net National Product.
• B) Net National Income.
• C) Net National Profit.
• D) Gross National Product.
• E) Gross Domestic Product.

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Definitions:

Fovea

A small depression in the retina where visual acuity is highest, and the concentration of cones is maximized for sharp central vision.

Energy

The capacity to do work, or the power derived from the utilization of physical or chemical resources to provide light, heat, or to work machines.

Conversion

The act or process of changing or causing something to change from one form to another, in various contexts such as religion, energy, or digital data.

Nervous System

The network of nerve cells and fibers that transmits nerve impulses between parts of the body.