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GDP is the total market value of what?
All final goods and services produced in an economy in a given year.
The dollar value of all final goods and services produced within a country's borders in a given year?
GDP
What is GDP at market price?
GDP at market price- It s the money value of all final goods and services produced within the domestic territory a country in an accounting year at prevailing market prices.
The dollar value of all final goods and services and the most comprehensive measure of a country's total production value is?
(GDP) Gross Domestic Product.
This function of money allows the monetary unit of a country to serve as a unit in which the value of all goods and services can be measured.?
standard of valueThe function of money as a measure of value.
What functon of money allows the monetary unit of a country to serve as a unit in which the value of all goods and services can be measured?
Money as a measure of value is the function of money.
GDP is the total market value of what?
All final goods and services produced in an economy in a given year.
What is the value of all final goods and services produced in a particular economy called?
Gross Domestic Product (GDP)
The dollar value of all final goods and services produced within a country's borders in a given year?
GDP
What is GDP at market price?
GDP at market price- It s the money value of all final goods and services produced within the domestic territory a country in an accounting year at prevailing market prices.
The dollar value of all final goods and services and the most comprehensive measure of a country's total production value is?
(GDP) Gross Domestic Product.
This function of money allows the monetary unit of a country to serve as a unit in which the value of all goods and services can be measured.?
standard of valueThe function of money as a measure of value.
What does GDP tell us about a country's economy?
GDP tells us about our country's economy by telling us the total money value of all final goods and services that is produced in an economy over a period of time.
What is the total value of all final goods and services produced in a particular economy called?
Gross Domestic Product (GDP)
What one of these is the best description of a gross world product?
the total value of all final goods and services produced by all nations in a given year
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 total dollar value of all final goods and services produced each year in a country?
gross national product
