Answer:
The total market value of final goods and services produced in an economy in some time period.
Explanation:
Gross domestic product is the total sum of final goods and services produced in an economy within a given period which is usually a year
GDP calculated using the expenditure approach = Consumption spending by households + Investment spending by businesses + Government spending + Net export
Net export = exports – imports
When exports exceed import there is a trade deficit and when import exceeds import, there is a trade surplus.
Items not included in the calculation off GDP includes:
1. services not rendered to oneself
2. Activities not reported to the government
3. illegal activities
4. sale or purchase of used products
5. sale or purchase of intermediate products
Answer:
series HH bonds has total period of interest earn is of 20 years.
series EE bonds has total period of interest earn is of 30 year
Explanation:
United States government issues many different times of bonds during the different courses of time. Series HH bonds start the series of H types of bonds from January 1980 till August 2004 with a maturity period of 10 years with allowing 10 years as an extension. Thus the total period of interest earn is of 20 years. while on another side, series EE type of bonds starts from 1980 till the government issuing the bonds. The maturity period of the EE bond is of 20 years with a 10 year extension period. Thus the total period of interest earn is of 30 year