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1. GDP is: a. the total market value of all nal goods and services produced in an economy in a one-year period. b. our only

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1. GDP is: a. the total market value of all nal goods and services produced in an economy in a one-year period. b. our only measure of a nation's social well being. c. a measure of the economic activity of the citizens and businesses of a country; GNP measures the economy activity that occurs within a nation's borders. d. equaltoC+I+G+(MX)

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