Ask Question
BusinessBusiness
24 July, 07:42

Which of the following metrics measures the market value of the goods and services produced within a country over a one-year period?

A) Purchasing power parity

B) Gross domestic product

C) Real income

D) Balance of trade

+1
Answers (1)
  1. 24 July, 08:09
    0
    Answer:B) Gross domestic product

    Explanation:Gross Domestic Product (GDP) is the broadest quantitative measure of a nation's total economic activity. More specifically, GDP represents the monetary value of all goods and services produced within a nation's geographic borders over a specified period of time.

    The equation for calculating GDP is: GDP = private consumption + gross investment + government investment + government spending + (exports - imports). For the gross domestic product, "gross" means that the GDP measures production regardless of the various uses to which the product can be put.
Know the Answer?
Not Sure About the Answer?
Find an answer to your question 👍 “Which of the following metrics measures the market value of the goods and services produced within a country over a one-year period? A) ...” in 📗 Business if the answers seem to be not correct or there’s no answer. Try a smart search to find answers to similar questions.
Search for Other Answers
You Might be Interested in
The journal entry to record a note received from a customer to replace an account is A. debit Notes Receivable credit Accounts ReceivableB. debit Accounts Receivable credit Notes ReceivableC. debit Cash credit Notes ReceivableD.
Answers (1)
Which of the following is an example of a federal tax? A. Social Security tax B. Sales tax C. Property tax D. Transaction tax
Answers (1)
Land acquired so it can be resold in the future is listed on the balance sheet as a (n) a. intangible asset b. current asset c. fixed asset d. investment
Answers (1)
A cartel most likely forms inA) an oligopolistic market. B) a perfectly competitive market. C) a monopolistically competitive market. D) a heavily regulated industry.
Answers (1)
Builder Monty must secure a loan with mortgages on five different lots. What type of loan will he need? A. Bridge loan B. Blanket loan C. Construction loan D. Package loan
Answers (1)
New Questions in Business
A customer owns 210 shares of ABC common stock. ABC declares a rights offering, with the terms being that for every 20 rights tendered, a shareholder may purchase one additional share at $20 per share.
Answers (1)
A 30-year 6% callable corporate bond with a face value of $10,000 was issued in June of 2000. It is now June of 2015, the call protection has expired, and the bond can be immediately called at a call price of 102% of par.
Answers (1)
Demand-pull inflation occurs when the price of goods rises suddenly and extremely fast. consumers show an interest in purchasing more goods. producers need more money to make and distribute goods.
Answers (1)
Consider a $1,000 par value bond with a 9% annual coupon. The bond pays interest annually. There are 20 years remaining until maturity. You have expectations that in 5 years the YTM on a 15-year bond with similar risk will be 7.5%.
Answers (1)
Mallory hires Raghav to work for one year as an assistant manager at $5,500 per month, reserving the right to cancel the contract at any time. After two months, Mallory fires Raghav because the company's order volume drops.
Answers (1)
Home » Business » Which of the following metrics measures the market value of the goods and services produced within a country over a one-year period? A) Purchasing power parity B) Gross domestic product C) Real income D) Balance of trade
Sign Up Forgot Password?