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AP Macroeconomics
Unit 2 – Economic Indicators and the Business Cycle
Topic 2.1
Which of the following is true about Gross Domestic Product (GDP)?
It only accounts for monetary transactions and excludes non-market activities.
It measures the total value of goods and services produced within a country's borders in a specific time period.
It reflects changes in the overall price level of goods and services.
It includes the value of intermediate goods and services used in production.
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AP Macroeconomics - 2.1 Circular Flow and GDP
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Gross Domestic Product (GDP)
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Resources
Cram Mode
AP Score Calculators
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Crisis Text Line
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© 2024 Fiveable Inc. All rights reserved.
AP® and SAT® are trademarks registered by the College Board, which is not affiliated with, and does not endorse this website.
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