GDP

Question 1

GDP is (7)

Answer 1

The market value of all final goods and services produced within a country in a given period of time

Question 2

GDP is _____ of all final goods and services produced within a country in a given period of time

Answer 2

The market value

Question 3

GDP is the market value ____ final goods and services produced within a country in a given period of time

Answer 3

Of all

Question 4

GDP is the market value of all _____ produced within a country in a given period of time

Answer 4

Final goods and services

Question 5

GDP is the market value of all final goods and services ______ within a country in a given period of time

Answer 5

Produced

Question 6

GDP is the market value of all final goods and services produced _____ in a given period of time

Answer 6

Within a country

Question 7

GDP is the market value of all final goods and services produced within a country ________

Answer 7

In a given period of time

Question 8

Formula for GDP

Answer 8

Y = C + I + G + Nx

Question 9

GDP Deflator formula

Answer 9

nominal gdp / real gdp x 100

Question 10

Inflation formula (gdp deflator)

Answer 10

GDP deflator (y2) - GDP deflator (y1) / GDP Deflator (y1) x 100