3. The market value of all final goods and services produced in the country during the year, regardless of whether there are factors of production of the residents of the country or owned by foreigners-is: a) gross domestic product; b) gross national product; c) the GDP deflator; d) net national product; e) national income. pon 033
3. The market value of all final goods and services produced in the country during the year, regardless of whether there are factors of production of the residents of the country or owned by foreigners-is: a) gross domestic product; b) gross national product; c) the GDP deflator; d) net national product; e) national income. pon 033
Economics Today and Tomorrow, Student Edition
1st Edition
ISBN:9780078747663
Author:McGraw-Hill
Publisher:McGraw-Hill
Chapter13: Measuring The Economy's Performance
Section13.1: National Income Accounting
Problem 1R
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![3. The market value of all final goods and services produced in the country
during the year, regardless of whether there are factors of production of the residents
of the country or owned by foreigners-is:
a) gross domestic product;
b) gross national product;
c) the GDP deflator;
d) net national product;
e) national income.](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F6e886208-e508-4a49-b0d0-554b7f123aa8%2F836ae51f-2bfa-48c8-abe0-2d0e9dbafb9a%2Fwzqgr7p_processed.jpeg&w=3840&q=75)
Transcribed Image Text:3. The market value of all final goods and services produced in the country
during the year, regardless of whether there are factors of production of the residents
of the country or owned by foreigners-is:
a) gross domestic product;
b) gross national product;
c) the GDP deflator;
d) net national product;
e) national income.
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