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The total value of all goods and services produced in a nation in one year

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13y ago

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Which term describes the total value of goods and services produced in a country in a given year?

gross domestic product


What accurately describes a shortage?

Consumer demand for a certain product or good is greater than the number of products or goods that can be produced.


What accurately describes shortages?

Consumer demand for a certain product or good is greater than the number of products or goods that can be produced.


How can one determine the net domestic product and what steps should be taken to find it accurately?

To determine the net domestic product (NDP), subtract depreciation from the gross domestic product (GDP). Depreciation accounts for the wear and tear on capital goods used in production. To find it accurately, gather data on GDP and depreciation from official sources like the Bureau of Economic Analysis. Ensure that all relevant factors are considered and calculations are done correctly to arrive at an accurate NDP figure.


Definition of per net state domestic product in India?

Net state Domestic Product = Gross Domestic Product(GDP) - Depreciation


What does GDP stands for?

It stands for Gross Domestic Product


What is the acronym for Gross Domestic Product?

The acronym for Gross Domestic Product is GDP.


Which statement refers to Gross Domestic Product (GDP)?

The American economy produced 15 percent more last year than the year before.


Which of these describes the Gross Domestic Product?

GDP is the market value of all final goods and services produced within a country's borders in a given year.


What is Iraq's gross domestic product?

Iraq's gross domestic product is 84 billion.


What is the term term for the total value of all goods and services produced in a particular economy?

Gross Domestic Product... (:


Per capita gross domestic product is a nation's gross domestic product divided by its what?

asas