Assignment task: Please read the instructions before you begin to answer the questions that follow. Instructions: Follow the instructions for each question. Show your work in the space provided and circle the answer. You will need to show your work on the file submitted for your teacher to grade. Multiple Choices: Read each statement below and choose the best answer from the choices provided.
1. The agency that maintains the National Income and Product Accounts (NIPA) is a. The U.S. Department of the Treasury. b. The U.S. Department of the Interior. c. The U.S. Department of Defense. d. The U.S. Department of Commerce.
2. Which of the following statements provides the clearest definition of Gross Domestic Product (GDP)? a. The historical value of all goods and services sold in a country in a particular 100 year period of time b. The dollar value of all final goods and services produced within a country's borders in a given year c. The estimated value of all goods and services sold within a country's borders in a given year d. The dollar value of all final goods and services taxed within a given year