Answer:
The total value of all final goods and services produced in a particular economy is called Gross Domestic Product (GDP).
Explanation:
In macroeconomics, the Gross Domestic Product (GDP) is a macroeconomic magnitude that expresses the monetary value of the production of goods and services of final demand of a country or region during a given period, normally a year.
Answer:
The correct answer is <u>b) The equipment needed to produce goods</u>
Explanation:
While capital is usually refereed to as money that is required for investment, in terms of productive resources itself, capital is defined as all the machinery, tools and equipment which are used to make a product.
For example, in a textile factory, this can include automatic stitching machines or even boilers that power these machines.
Labor itself is NOT part of capital and is considered a separate resource. In the case of a textile factor, the labor will work with the capital to produce a good.
The correct answer is B. it produced armaments for the Soviet army.
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Answer:
Delegates to the U.N. climate change conference in Poland from many of the world's poorer nations are asking wealthier countries to pay compensation to the impoverished countries bearing the brunt of climate change. Melissa Block talks to Munjurul Hannan Khan, negotiator and spokesman for the Least Developed Countries Group about the tensions between rich and poor countries.
Explanation:
