(, a Real GDP b) Nominal GD ) Both d) None \' 1 3) Goods and Services omitted fr

Question

(, a Real GDP b) Nominal GD ) Both d) None ' 1 3) Goods and Services omitted from GDP a) Household works b) Underground production c) Leisure time d) Environmental quality e) all of above 14) A measure of a country's production is its A) gross daily production. B) general daily product. C) general domestic production. D) gross domestic product. E) gross total output. 15) The total production within an economy is measured as A) Gross Home Product. B) Total Domestic Output. C) Annual Production Value. D) Gross Domestic Product. E) Total Annual Output Cinss Domestic Product is equal to the market va

Explanation / Answer

13 E

All the above options are omitted from GDP

14 D

Gross Domestic Product is the total value of country’s produced goods and services.

15- D

Gross Domestic Product is the total value of country’s produced goods and services.

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