Question

1.

The United States measures its economy by how many goods and services are produced in a ___.


month


quarter


year


2.


What does GDP stand for?


General Delivered Products


Good Directly Produced


Gross Domestic Product


3.


Road building and purchasing military equipment are examples of purchasing by ____.


government


individuals


consumers.

Answer 1

1. A year
2.Gross Domestic Product
3.Government

Answer 2

1. In a year

2. Gross Domestic Product

3. government

Step-by-step explanation:

1. The methods of macroeconomic measurement usually cover periods of a year (GDP, Power Purchasing Parity).

2. GDP means Gross Domestic Product, all the good and services produced by an economy in one year.

3. Governments usually buy road building and military equipment; building infrastructure and purchases of military materiel for an army are government jobs, not the job of private companies.