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OpenStudy (anonymous):
what is the total value of all final goods and services produced in a particular economy
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OpenStudy (anonymous):
That is considered Gross Domestic Product or GDP. Remember this is calculated by the monetary value of goods and not the quantity produced and foreigners influence is included. Gross Domestic Product on the other hand includes only citizens of a nation within its borders or oversees. GNP is only used when a country it trying to figure out if its citizens are economically sound.
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