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Please answer correct explain plz asap ple both are questions Don't answer by pen paper plz Multiple Choice Questions 1. Which of the following statements
Please answer correct explain plz asap ple both are questions
Don't answer by pen paper plz
Multiple Choice Questions 1. Which of the following statements is the most appropriate description of gross domestic product (GDP)? a. The total income earned by all households, firms, and the government whose value can be verified b. The total amount spent on all final goods and services produced within the economy during a given period c. The total market value of resalable and final goods and services produced within the economy during a given period 2. The numerator of the GDP price deflator reflects: a. the value of base year output at current prices. b. the value of current year output at current prices. c. the value of current year output at base year prices. 3. Which of the following conditions is least likely to increase a country's GDP? a. An increase in net exports b. Increased investment in capital goods c. Increased government transfer paymentsStep by Step Solution
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