Chapter 2: ECONOMICS & BUSINESS : Economic Growth

What do we call the market value of all final goods and services in a country in a given time period? (write in small letters only your answer; not mix or in capital ones)

According to that definition of GDP, what are the four (4) important parts tackled there? (write in small letters; not mix or capital ones then put a comma (,) to separate your answer)

What are the 3 Main Economic Goals of the world? (write in small letters; not mix or capital ones then put a comma (,) to separate your answer)

What do we call for an item that is produced by one firm, bought by another firm, and used as a component of a final good or service? (write in small letters; not mix or capital ones in answering the question)

What do we call for an item that is produced by one firm, bought by another firm, and used as a component of a final good or service? (write in small letters; not mix or capital ones in answering the question)

What are the 3 Products counted in Gross Domestic Product (GDP)? (write in small letters; not mix or capital ones and then, put a comma (,) to separate your response in answering the question)

What do well call for an item bought by its final user during a specified time period? (write in small letters; not mix or capital ones answering the question)

Why GDP excludes intermediate goods and services? (2 points; write in small letters; not mix or capital ones answering the question)