Question: Please answer these questions Question 21 1 pts What is GDP? It is the price of all final goods & services produced in an economy

Please answer these questions

Question 21 1 pts What is GDP? It is the price of all final goods & services produced in an economy in a year O It is the total market value of all goods & services produced anywhere in a year It Is the total market value of all final goods & services produced in an economy in a year It is the total market value of all goods & services produced in an economy every 6 months Question 22 1 pts What is Total Market Value? O It is the value of a good or service determined by the government It is the value of a good or service determined by what people pay for it It Is the cost of a good or service determined by the price for that item in the market place it is the value of a good or service determined by the price for that Item in the market place Question 23 1 pts What does "final" mean in Final Goods and Services? It is price of buying replacement tires on your car it is the price of the tires on the car you bought It is the price of something you sold on EBay It is the price a bakery pays for bags of flour Question 24 1 pts What would an increase in GDP mean? A decrease in the standard of living for a country No change because GDP is not related to standard of living for a country An increase in the standard of living for a country I have to now have two jobs

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