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Nominal Gross Domestic Product Is Defined as the Value of All

Question 56

Multiple Choice

Nominal gross domestic product is defined as the value of all goods:


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