Per Capita Income, National Income and Contribution to GDP
Gross Domesti...
Question
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Gross Domestic Product (GDP) is used throughout the world as a measure of _____ and _____ activity.
A
output
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B
input
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C
economic
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D
military
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Solution
The correct option is C economic The sum of the money or monetary value of all the final goods and services produced within the geographic boundaries of a country in a specific period of time is called Gross Domestic Product (GDP). GDP is used throughout the world as a measure of output and economic activity.