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Monserrat Pintado
on Oct 13, 2024

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The GDP is the value of all final goods and services produced

A) within the nations boundaries.
B) by domestically owned companies.
C) by citizens of the country.
D) by domestically controlled companies.

GDP

Gross Domestic Product is defined as the cumulative monetary or market value of all the finished products and services generated inside a country during a particular time frame.

Final Goods

Products that have completed the production process and are ready for sale to the consumer or end-user, excluding intermediate goods used in production.

  • Understand the basic concepts of Gross Domestic Product (GDP) and its components.
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Ireale HerringOct 14, 2024
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