HISTORY
HISTORY OF THE MIDDLE EAST
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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What is the gross domestic product (GDP)?
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The amount collected in taxes from the people of a country in a year
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Total value of goods and services produced within a country in a year
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The value of all the products a country buys from foreign nations in a year
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The value of all goods and services produced by small shops and individually owned businesses in a country
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Explanation:
Detailed explanation-1: -GDP measures the monetary value of final goods and services-that is, those that are bought by the final user-produced in a country in a given period of time (say a quarter or a year). It counts all of the output generated within the borders of a country.
Detailed explanation-2: -What is Gross Domestic Product (GDP)? Gross Domestic Product (GDP) is the monetary value, in local currency, of all final economic goods and services produced in a country during a specific period of time. It is the broadest financial measurement of a nation’s total economic activity.
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