Gross Domestic Product (GDP)

question 347

Multiple Choice

Gross domestic product (GDP) :

• A) is affected by economic conditions and the productivity of workers in the country.
• B) usually rises when there are bad economic conditions in an economy.
• C) is the amount of new capital invested in business in a year.
• D) is the total cost of producing all goods and services in a year.
• E) is the total market value of goods and services consumed in an economy in a year.

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Definitions:

Actuated

Triggered or moved into action, often referring to the activation of a mechanical device or system component in response to a control signal.

Proximity Switch

An electronic sensor capable of detecting the presence of nearby objects without physical contact, often using electromagnetic fields.

Physical Contact

The situation or condition where two or more objects are touching each other or connected in a way that allows for the transfer of electricity, heat, or mechanical forces.