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1. A country's gross domestic product for a given time period is the total market value of _____.

A all finished goods and services produced by the country's residents
B all goods and services produced by the country's residents
C all finished goods and services produced within the country's borders
D all goods and services produced within the country's borders

2. Which of the following products would be classified as a finished good?

A a hamburger sold at a fast-food restaurant
B clothing dye sold to clothing manufacturers
C lumber sold to construction companies
D electrical wiring sold to automotive repair shops

3. Which of the following would be considered investment in the calculation of GDP?

A An individual purchases stock in a company.
B A child places money under his mattress for safe keeping.
C A manufacturing firm builds a new plant in Mexico.
D A school district deposits excess funds into a savings account.

4. In a given year, nominal GDP grew by approximately 4%, while real GDP grew by only 2.3%. This difference can be accounted for by the fact that _____.

A net exports were positive during the year
B prices of goods and services decreased during the year
C net exports were negative during the year
D prices of goods and services increased during the year

5. Aggregate demand is traditionally calculated by summing _____.

A consumption, investment, government spending, net exports, and inflation
B consumption, investment, government spending, and net exports
C consumption, investment, and government spending
D consumption, investment, and savings

THANK YOU PLEASE HELP ASAP :)

Sagot :

The gross domestic product of a country simply means C. all finished goods and services produced within the country's borders.

The product that can be classified as a finished good is an electrical wiring sold to automotive repair shops.

An investment in the calculation of GDP is when a manufacturing firm builds a new plant in Mexico.

Since the nominal GDP is more than the real GDP, the prices of goods and services decreased during the year.

Aggregate demand is traditionally calculated by summing consumption, investment, government spending, and net exports. It should be noted that this can be expressed as C + I + G + (X - M).

Read related link on:

https://brainly.com/question/25686939

Answer:

1= all finished goods and services produced within the countries Border

2= A hamburger sold at a fast food restaurant

3= A manufacturing firm builds a new plant in Mexico

4= prices of goods and services increase during the year

5= consumption, investment, government spending, and net exports

Explanation:

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