To Calculate GDP It Is Necessary to Add Up the Market

question 215

Multiple Choice

To calculate GDP it is necessary to add up the market value of all the ________ produced within a country during a year.

• A)goods but not services produced
• B)goods and services produced
• C)intermediate goods and services produced
• D)final goods and services produced
• E)intermediate goods and services produced and all the final goods and services produced

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Definitions:

John Adams

The second President of the United States (1797-1801), Founding Father, and a key figure in the American Revolution and early federal government.

Military Victory

The achievement of the planned objectives and the establishment of control over the enemy's resources by military force.

George Washington

The first President of the United States, a Founding Father, and a key leader during the American Revolutionary War.

Comte de Vergennes

A prominent French statesman and diplomat who served as the Foreign Minister under King Louis XVI, playing a key role in supporting the American colonies during the Revolutionary War against Britain.