Examlex
Which data represent the lowest form of measurement?
GDP
Gross Domestic Product; a measure of the economic output of a country, representing the total value of all goods and services produced over a specified time period.
GDP
Gross Domestic Product is the aggregate market value of all ultimate goods and services made within a nation over a specified period.
Total Income
The aggregate income earned by all individuals or entities in an economy, including wages, profits, and rent.
Total Expenditure
The sum of all outlays or spending by an individual, household, or an economic entity within a certain period of time.
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