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Introduction to Economics 2
Introduction to Economics 2 Deneme Sınavı
Introduction to Economics 2 Deneme Sınavı Sorusu #349484
Introduction to Economics 2 Deneme Sınavı Sorusu #349484
Which of the following is defined as the total quantity of goods and services produced in an economy in a specified period of time?
Business cycle
|
Economic growth
|
Recovery period
|
Total production |
Contraction period |
Yanıt Açıklaması:
One of the basic indicators used in assessing the performance of an economy and the general economic conditions in a country is the country’s total production, more correctly the rate of change of this quantity according to the previous period. Total production is the total of all goods and services produced in an economy for a given period of time. The rise in the capacity of economy to produce goods and services is called as economic growth.
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