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What does GDP measure?
A
GDP measures the total value of goods and services produced by a country's citizens anywhere over a period.
B
GDP measures the total income earned by a country's residents worldwide over a period.
C
GDP measures the total value of final goods and services produced within a country's borders over a period.
D
GDP measures the total value of intermediate goods and services traded within a country over a period.
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4.1.2 measurement of national income Flashcards
23 flashcards on CIE Intl A Level Economics 4.1.2 measurement of national income: the key terms and definitions you need to recall.