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Exploring Economics
8th Edition
ISBN:9781544336329
Author:Robert L. Sexton
Publisher:Robert L. Sexton
Chapter19: Measuring Economic Performance
Section: Chapter Questions
Problem 1P
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7:54
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Question 4
1 pts
Gross Domestic Product (GDP) is calculated
as the sum of the
total number of production of final goods and
services produced domestically for specified
period of time
total number of production of final goods and
services produced for specified period of time
total market value of production of final goods
and services produced domestically for
specified period of time
total number of production of final goods and
services produced for specified period of time
Question 5
1 pts
Suppose Chevrolet produced 90,000
Camaros cars in the United States in 2011.
Sold 69,000 cars domestically and exported
14,000 to foreign countries in 2011. The
remaining Camaros were sold domestically in
2012. The market value of how many of
these Camaros wLpe Counted as part of the
Transcribed Image Text:7:54 Take Quiz Exit Question 4 1 pts Gross Domestic Product (GDP) is calculated as the sum of the total number of production of final goods and services produced domestically for specified period of time total number of production of final goods and services produced for specified period of time total market value of production of final goods and services produced domestically for specified period of time total number of production of final goods and services produced for specified period of time Question 5 1 pts Suppose Chevrolet produced 90,000 Camaros cars in the United States in 2011. Sold 69,000 cars domestically and exported 14,000 to foreign countries in 2011. The remaining Camaros were sold domestically in 2012. The market value of how many of these Camaros wLpe Counted as part of the
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