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vagabundo [1.1K]
3 years ago
13

true or false. GDP measures total expenditures on final goods and services during a given period of time

Business
1 answer:
Andreas93 [3]3 years ago
7 0

True.

Gross domestic product (GDP) is a monetary measure of the market value of all the final goods and services produced in a period of time, often annually GDP (nominal) per capita does not, however, reflect differences in the cost of living and the inflation rates of the countries; therefore using a basis of GDP per capita at purchasing power parity (PPP) is arguably more useful when comparing differences in living standards between nations.


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