Gross Domestic Product (GDP)is the total market value of all
A) final goods and services produced annually within a country's borders.
B) final and intermediate goods and services produced annually within a country's borders.
C) intermediate goods and services produced annually within a country's borders.
D) final goods produced every month within a country's borders.

Question

Quizplus · Accepted Answer

GDP is the total market value of all final goods and services produced annually within a country's borders. Intermediate goods are not included in GDP as their value has already been accounted for in the final product. The time frame for GDP calculation is annual, not monthly.

Gross Domestic Product (GDP)is the Total Market Value of All