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Gross domestic product tracks economic growth by measuring all goods and services:

A. exported by an economy
B. produced by an economy
C. imported by an economy
D. purchased by an economy

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Margaux Elysse C. Siason
Margaux Elysse C. SiasonLv6
20 Aug 2020

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Related questions

What does Gross domestic product (GDP) include?

A. All intermediate goods and services produced in the economy in a given year

B. All final goods and services produced in the economy in a given year

C. All goods and services imported from abroad

D. All goods and services produced by the government

E. All of the above

Gross domestic product is calculated by summing up

A) the total quantity of goods and services in the economy.

B) the total quantity of goods and services produced in the economy during a period of time

C) the total market value of goods and services in the economy.

D) the total market value of final goods and services produced in the economy during a period of time

21 If the Federal Reserve reduced its reserve requirement from 6.5 percent to 5 percent. This policy would most likely:

A. decrease both the money multiplier and the money supply

B. decrease the money multiplier but increase the money supply

C. increase both the money multiplier and the money supply

D. increase the money multiplier but decrease the money supply

23 Real gross domestic product is best defined as

A. the market value of all final goods and services produced in an economy, stated in the prices of a given year

B. the market value of goods and services produced in an economy, stated in current-year prices

C. all goods and services produced in an economy, stated in the prices of a given year and multiplied by quantity

D. the market value of intermediate goods and services produced in an economy, including exports

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