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QuizMultiple Choice

Economic Measurement

Question 1 • Small Business Entrepreneurship A (IS)

The GDP is one way to measure the size of a country's economy.

Answer
A
True
B
False

Explanation

GDP, or gross domestic product, measures the total value of final goods and services produced within a country over a period of time. Because it summarizes economic production, it is one way to measure the size of a country's economy. Therefore, “True” is correct.

AI-written and checked against the verified answer.

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