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    Question

    Gross Domestic Product (GDP) is defined as the total

    value of all:
    A Goods and services produced in a country in a year. Correct Answer Incorrect Answer
    B Final goods and services produced within a country's territory in a year. Correct Answer Incorrect Answer
    C Intermediate and final goods produced in a year. Correct Answer Incorrect Answer
    D Goods and services consumed by citizens in a year. Correct Answer Incorrect Answer
    E Financial transactions in an economy in a year. Correct Answer Incorrect Answer

    Solution

    GDP is the market value of all final goods and services produced within the geographical boundaries of a country during a specific period.

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