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Real Gross Domestic Product Is Defined As

Question 108

Multiple Choice

Real gross domestic product is defined as:


A) the value of all goods and services produced by an economy, within its borders, over a period of time, at base-year prices
B) the value of all goods and services produced by an economy, within its borders, over a period of time, at current prices
C) the value of all goods produced by an economy, within its borders, over a period of time, at current prices
D) the value of all goods and services produced by an economy's citizens, regardless of where they live, over a period of time, at current prices
E) the value of all goods and services produced by an economy's citizens, regardless of where they live, over a period of time, at base-year prices

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