Gross domestic product (GDP)refers to the total value of goods and services produced by a national economy within a given period,regardless of where the factors of production are located.
Correct Answer:
Verified
Q8: Natural monopolies exist partly because duplication of
Q11: In typical modern oligopolies,the large capital investment
Q29: Physical resources include the data and other
Q34: The technological environment includes only electronics and
Q43: Product differentiation is common in a market
Q44: One of the four elements that are
Q47: The point at which the supply curve
Q84: Economic indicators help to assess the performance
Q93: Tax increases and decreases are a form
Q98: Aggregate output refers to a company's annual
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents