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Economy

Quick practice

Question 1 of 5

Gross Domestic Product (GDP) is the:

1. Monetary value of all the finished goods and services produced within a country’s borders.

2. Measure of welfare or happiness.

3. Measure of Disposable Personal Income.

Which of the above statements is/are correct?

A

1, 2 and 3

B

1 and 3 only

C

1 only

D

2 and 3 only

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