Options: Question 1: a. Value of all goods and services produced in the economy

Question

Options:

Question 1:

a. Value of all goods and services produced in the economy this year

b. value of all goods and services produced in the economy in the base year

c. cost of a given market basket of goods and services

Question 2:

a. this year's prices

b. the base year's prices

Question 3:

a. cost of a given market basket of goods and services

b. value of all goods and services produced in the economy this year

c. value of goods and services produced in the economy in the base year.

Question 4:

a. this year's prices

b. the base year's prices

Question 5:

a. bought by consumers

b. produced domestically

Question 6:

a. will not

b. will

Question 7:

a. will not

b. will

Explanation / Answer

1. a

2. a

3.c

4.b

5.a

6.a

7.b

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