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plumcoyote230Lv1

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Foreign-produced goods and services that are purchased domestically are called

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Garima MenonLv7

15 Mar 2021

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Related textbook solutions

Principles of Economics

2nd Edition, 2017

ISBN: 9781947172364

Principles of Macroeconomics

ISBN: 9781947172388

Principles of Microeconomics

ISBN: 9781947172340

Related questions

Goods produced abroad and sold domestically are called exports and goods produced domestically and sold abroad are called imports.

a. True

b. False

Goods produced abroad and sold domestically are called exports and goods produced domestically and sold abroad are called imports.

Gross domestic product is the sum of the purchase price multiplied by the quantity of:

A. Goods and services exchanged during the period.

B. Final goods and services produced domestically during the period.

C. Goods and services produced domestically during the period minus the depreciation of productive assets.

D. Final goods and services plus intermediate goods produced domestically during the period.

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