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The total value of all goods and services produded by a nation in a year is called the Gross National Product or Gross Domestic Product of that country. We'll sometimes use GNP or GDP in place of the (respective) terms. Links to related questions and articles can be found below.
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What is the total market value of all goods and services produced in a nation during a given period usually a year?
Gross national product
For whom are goods services produce in a market economy?
In a market economy, goods and services are produced for consumers.
What are capital resources?
Capital resources are goods produced and used to make other goods and services. They include tools, machines, and factories used to produce goods.
What is a person or business that supplies goods and services called?
dum
What is a person who lends money or the use of goods and services for payment at a later date?
A person who lends money is called a money lender or a Creditor. A person who lends the use of goods and services is called a Renter or a Seller.
What determines what goods and services are produced?
Consumers determines what goods and services are produced.
What are the four fundamental economic questions?
What goods and services will be produced?How will the goods and services be produced?Who will get the goods and services?How will the system accomodate change?
What Three question every economy must answer?
What goods and services will be produced?How will the goods and services be produced?Who will get the goods and services?
For whom are goods and services produced in a market economy?
Goods and services are produced for consumers . What the consumer wants, the entrepraneur or company will give..
What three questions define the economy of a society?
what goods and services should be produced? How should goods and services be produced? who should get and use the goods and services?
A system for producing and distributing goods and services?
The system of producing goods and services is called an economy. This system uses humans to produce and sell the goods. When the people have no say in what will be produced or how, this is called a command economy.
What term is used to measure the total annual value of all goods and services produced by a nation's businesses and indutries?
GDP
What gross product includes the goods and services produced by purchases from foreign firms?
Gross Domestic Product (GDP) includes the total value of all goods and services produced within a country's borders, regardless of whether they are produced by domestic or foreign firms. However, when considering the contributions of foreign firms specifically, Gross National Product (GNP) accounts for the value of goods and services produced by a nation's residents, regardless of where they are located. Thus, goods and services produced by purchases from foreign firms are reflected in GDP but not directly in GNP.
The total value of all goods and services produced in a country in called what?
it is called gross domestic products
The amount of goods and services produced from each hour of a worker's time is called?
productivity
What is The amount of goods and services produced from each unit of labor input called?
Productivity
What three basic economic questions must be answered by every society?
What goods and services should be produced?How should the goods and services be produced?Who should get the goods and services?
