Ask Question
HistoryHistory
31 March, 04:42

What is the definition of Gross Domestic Product (GDP) ?

A.

an indicator used to measure the overall happiness of citizens based on their community involvement

B.

the total value of officially recorded goods and services produced in a country's borders within a given year

C.

the monetary worth of goods and services produced in a country, plus income earned from investments outside of the country

D.

the total value of officially recorded goods and services produced by companies and citizens, both inside and outside a country's borders, within a given year

+2
Answers (2)
  1. 31 March, 06:40
    0
    B this can also be expressed like this GDP = money spent on Consumption + money spent on Investments (in the country) + Government spending in the country + the net exports (Exports - Imports)
  2. 31 March, 06:45
    0
    B. the total value of officially recorded goods and services produced in a country's borders within a given year
Know the Answer?
Not Sure About the Answer?
Get an answer to your question ✅ “What is the definition of Gross Domestic Product (GDP) ? A. an indicator used to measure the overall happiness of citizens based on their ...” in 📙 History if there is no answer or all answers are wrong, use a search bar and try to find the answer among similar questions.
Search for Other Answers
You Might be Interested in
England, france, holland, and sweden did not want to compete with spain in north america. a. true b. false
Answers (1)
Why do you think the Portuguese wanted to conquer the murals empire?
Answers (2)
A manor house was useful because it was a a. place where tenants of the manor could stay. b. center for the administration of the community. c. place for peasants and vassals to gather for meals. d. center for learning for the surrounding areas.
Answers (1)
The above article "Whorf Revisited" used a variety of examples to demonstrate the less-extreme form of the Sapir-Whorf Hypothesis. Now think this through using another example.
Answers (1)
Select the correct statement regarding the slave trade. A. The middle passage was the leg of the triangular trade in which African slaves were transported from africa to the americas. B.
Answers (1)
New Questions in History
What do Boston Philadelphia and New York City have in common?
Answers (2)
In addition to transporting goods to market, what was another benefit of the growth of railroads? A) They created employment opportunities B) They provided a source of Federal tax revenue C) They immediately replaced canals as a source of transport
Answers (2)
Hedonist in a sentence
Answers (1)
Which change occurred immediately after the region of British India gained its independence in 1947? (1) India became an ally of the Soviet Union. (2) India adopted Islam as the official state religion.
Answers (1)
Which supreme court case argued that the right to privacy established the righy of a woman and her husband to use birth control?
Answers (2)
Home » History » What is the definition of Gross Domestic Product (GDP) ? A. an indicator used to measure the overall happiness of citizens based on their community involvement B.
Sign Up Forgot Password?