3 years ago

1. What does Gross Domestic Product mean?

Social Studies

1 answer:

soldier1979 [14.2K]3 years ago

4 0

Answer:

1. The total value of goods produced and services provided in a country during one year.

2.Real GDP is a better measure of the standard of living than nominal GDP.

3.four broad types: land, labor, capital, and entrepreneurship. The factors of production are the resources used in creating or manufacturing a good or service in an economy.

Explanation:

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