ECONOMICS
TECHNOLOGY
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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A nation’s ____ determine the strength of its economy
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productive resources
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goods & services produced
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others do not
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per person
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weaker economies
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Explanation:
Detailed explanation-1: -The standard way of measuring a country’s economic success is to look at per capita gross domestic product-the total output of goods and services divided by population. The more cars and computers produced and the more doctor visits and restaurant meals per person, the better the economy is thought to be doing.
Detailed explanation-2: -The size of a nation’s overall economy is typically measured by its gross domestic product, or GDP, which is the value of all final goods and services produced within a country in a given year.
Detailed explanation-3: -The four main factors of economic growth are land, labor, capital, and entrepreneurship.
There is 1 question to complete.