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To what does the term domestic goods refer?
The term "domestic goods" refers to products or goods that are produced within a specific country and are intended for consumption or use within that country. These goods are typically not meant for export but are instead produced to meet the needs and demands of the domestic market. My Recommendation 𝐡𝐭𝐭𝐩𝐬://𝐰𝐰𝐰.𝐝𝐢𝐠𝐢𝐬𝐭𝐨𝐫𝐞𝟐𝟒.𝐜𝐨𝐦/
What is the best description of the domestic product?
the total retail market value of all the goods and services produced within a nation’s borders in a one-year span
What is the description of Gross domestic product?
the total retail market value of all the goods and services produced within a nation’s borders in a one-year span
Which statement most accurately describes the Gross Domestic Product?
The total value of all goods and services produced in a nation in one year
What is the best description of gross domestic product?
the total retail market value of all the goods and services produced within a nation’s borders in a one-year span
Tax placed on goods made within a country?
Excise tax
What is excise taxe?
a tax placed on goods transferred within a country
What are protective tariiffs?
They are taxes placed on imported goods to increase the price and protect locally produced goods which may cost more than the imported similar goods.
What is a tax levied on some goods and commodities produced within the country?
Excise tax.
What is the description of the Gross National Product?
the value of all final goods and services produced within a nation in a given year plus income earned by its citizens abroad, minus income earned by foreigners from domestic production
Why did Germany have to write made in Germany on their produced goods?
As far as I know, all exported products must have the name of the nation that produced it somewhere on the product or its packaging.
What is the term for a tax that makes goods imported by a country more costly than similar goods produced within that country?
A protective tariff.
