Gross national product (GNP) is the total market value of all final goods and services produced in a country for a given time period
Indicate whether the statement is true or false
a. True
b. False
ANSWER: False
Gross domestic product (GDP) is the total market value of all final goods and services produced in a country for a given time period. The term final refers to final products that are sold, not to intermediary products used in the assembly of a final product.
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What will be an ideal response?
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