QuestionAugust 5, 2025

If our country was a business, our GDP would be comparable to annual sales. A. True B. False

If our country was a business, our GDP would be comparable to annual sales. A. True B. False
If our country was a business, our GDP would be comparable to annual sales.
A. True
B. False

Solution
4.0(223 votes)

Answer

A. True Explanation 1. Define GDP GDP (Gross Domestic Product) measures the total value of goods and services produced in a country. 2. Compare GDP to Business Sales In business, annual sales refer to the total revenue from selling goods and services. Similarly, GDP reflects the economic output or "sales" of a country.

Explanation

1. Define GDP<br /> GDP (Gross Domestic Product) measures the total value of goods and services produced in a country.<br />2. Compare GDP to Business Sales<br /> In business, annual sales refer to the total revenue from selling goods and services. Similarly, GDP reflects the economic output or "sales" of a country.
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