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28 December, 08:45

Which of the following metrics measures the market value of the goods and services produced within a country over a one-year period?

A) Purchasing power parity

B) Gross domestic product

C) Real income

D) Balance of trade

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  1. 28 December, 09:54
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    Answer:B) Gross domestic product

    Explanation:Gross Domestic Product (GDP) is the broadest quantitative measure of a nation's total economic activity. More specifically, GDP represents the monetary value of all goods and services produced within a nation's geographic borders over a specified period of time.

    The equation for calculating GDP is: GDP = private consumption + gross investment + government investment + government spending + (exports - imports). For the gross domestic product, "gross" means that the GDP measures production regardless of the various uses to which the product can be put.
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Home » Business » Which of the following metrics measures the market value of the goods and services produced within a country over a one-year period? A) Purchasing power parity B) Gross domestic product C) Real income D) Balance of trade
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