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Defining GDP

The activitie...

Question

The activities undertaken to make goods and services are called ___ activities.

A

Exchange

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B

Consumption

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C

Production

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D

Distribution

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Solution

The correct option is A Production
The process used to transform raw materials, ideas, information, knowledge, etc., into goods or services is called production. Resources are used in this process to create an output that is suitable for use or has exchange value.

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