"The value of goods and services produced by a nation's economy in a year, excluding transactions with foreign countries" is a definition for which term?

a. standard of living
b. gross domestic product
c. inflation
d. income distribution
e. net economic grow


b.

Political Science

You might also like to view...

Poliheuristic theory is a decision-making theory that accounts for process and outcome of decisions through a two-stage analytic model that incorporates cognitive approaches with rational choice expectations

a. True b. False Indicate whether the statement is true or false

Political Science

Scale attenuation effects result from

A) the range of a scale being too wide. B) participant scores bunching at the top end of a scale. C) participant scores bunching at the low end of a scale. D) the restricted range of a scale.

Political Science

Once seen as a dynamic economic powerhouse, Japan has been, since the 1990s, mired in a lingering economic recession. This has resulted in

a. a chronic budget deficit and growing national debt. b. the government budget growing at a rate faster than the national economy. c. government efforts to increase revenue such as raising the rate of the value added tax. d. a sharp decline in the level of official development assistance ("foreign aid") by the government. e. all of these.

Political Science

Amendments to the original U.S. Constitution maintained the primacy of states in regulating elections, although they placed constraints on how states could exercise that authority

Indicate whether the statement is true or false

Political Science