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Chris M.
Chris M., M.S.W. Social Work
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2. Gross domestic product (GDP) is the value of all final goods

Resolved Question:

2. Gross domestic product (GDP) is the value of all final goods and services produced in the domestic economy during a specified period (for example, a quarter or a year). Which of the following would be counted in U.S. GDP?

A. An automobile manufactured in Mexico that is produced by an American-owned company

B. An automobile manufactured in the United States that is produced by a German-owned company

C. A microchip manufactured in the United States and sold to an American-owned computer company

D. All these options are correct

E. Illegal drugs produced in Canada and sold in the United States

4. True or false: Although society benefits from leisure time, it is not included in GDP.



7. True or false: The Great Depression (1929-1933) was a period when the United States experienced severe economic recession and deflation


Submitted: 6 years ago.
Category: Homework
Expert:  Chris M. replied 6 years ago.

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