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GDP is defined as:

a. the sum of all currency and coins in circulation
b. the value of all final goods and services produced by a government c. the value of all final good and services produced anywhere in the world by a nation's firms
d. the value of all final goods and services produced domestically

1 Answer

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Answer:

d. the value of all final goods and services produced domestically

Step-by-step explanation:

The gross domestic product is the sum of all final goods and services produced in an economy within a given period which is usually a year.

GDP = Consumption + Investment + Government Spending + Net Export

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