An Act of Performance Is Necessary to Create a Bilateral

question 79

True/False

An act of performance is necessary to create a bilateral contract.

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Definitions:

GDP

The Gross Domestic Product measures the aggregate value of all final goods and services produced within a country over a defined time span.

National Income

The total value of all goods and services produced by a country's economy over a specific period, after accounting for depreciation.

GDP

Gross Domestic Product, a measure of the economic performance of a country, calculated as the total value of all final goods and services produced within a country's borders in a specific time period.

Economic Well-being

The state of individuals or groups having their basic financial and material needs met, along with access to opportunities for a better quality of life.