GDP Is

question 261

Multiple Choice

GDP is

• A)a perfect measure of the standard of living.
• B)a perfect measure of the value of production.
• C)a measure which includes the value of all newly produced goods and services.
• D)an imperfect measure of the standard of living.
• E)the only factor that affects our standard of living.

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Definitions:

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Illegal

Illegal refers to actions or activities that are forbidden by law.

Organize Unions

The process by which workers form or join labor unions to negotiate collectively with their employers for better wages, working conditions, and other employment terms.

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The contacts of a relay that are either opened or closed according to the condition of the relay coil. Relay contacts are designated as either normally open or normally closed in design.