Economy, asked by black67, 11 months ago

What is the role and significance of goods and services in an economy? Above 40-60 words

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Answered by jaisika16
6

Answer:

The size of a nation's economy is commonly expressed as its gross domestic product, or GDP, which measures the value of the output of all goods and services produced within the country in a year. ... If a nation's exports exceed its imports, it is said to have a trade surplus.

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