ECONOMICS
ECONOMIC GROWTH
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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The GDP (Gross Domestic Product) is:
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The total output of a firm
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The total output of a country
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The number of products purchased by an average household
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Number of products the country exports
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Explanation:
Detailed explanation-1: -Gross domestic product (GDP) is the standard measure of the value added created through the production of goods and services in a country during a certain period. As such, it also measures the income earned from that production, or the total amount spent on final goods and services (less imports).
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