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When you look at Gross Domestic Production (GDP) values of countries around the world, you notice that: Group of answer choices Countries with more socialist and communist elements have higher GDP levels. Countries with higher GDP growth rates have larger government deficits and national debts. The total GDP values of all communist countries exceeds the total GDP value of all capitalist or near capitalist countries. There is no relationship between a country's economic system and its GDP level. Countries with more free market (capitalist) elements have higher GDP levels.

When you look at Gross Domestic Production (GDP) values of countries around the world, you notice that: Group of answer choices Countries with more socialist and communist elements have higher GDP levels. Countries with higher GDP growth rates have larger government deficits and national debts. The total GDP values of all communist countries exceeds the total GDP value of all capitalist or near capitalist countries. There is no relationship between a country's economic system and its GDP level. Countries with more free market (capitalist) elements have higher GDP levels.

ENGR.ECONOMIC ANALYSIS
ENGR.ECONOMIC ANALYSIS
14th Edition
ISBN:9780190931919
Author:NEWNAN
Publisher:NEWNAN
Chapter1: Making Economics Decisions
Section: Chapter Questions
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When you look at Gross Domestic Production (GDP) values of countries around the world, you notice that: Group of answer choices Countries with more socialist and communist elements have higher GDP levels. Countries with higher GDP growth rates have larger government deficits and national debts. The total GDP values of all communist countries exceeds the total GDP value of all capitalist or near capitalist countries. There is no relationship between a country's economic system and its GDP level. Countries with more free market (capitalist) elements have higher GDP levels.
Transcribed Image Text:When you look at Gross Domestic Production (GDP) values of countries around the world, you notice that: Group of answer choices Countries with more socialist and communist elements have higher GDP levels. Countries with higher GDP growth rates have larger government deficits and national debts. The total GDP values of all communist countries exceeds the total GDP value of all capitalist or near capitalist countries. There is no relationship between a country's economic system and its GDP level. Countries with more free market (capitalist) elements have higher GDP levels.
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