GDP measures the economy's production of:

Name: GDP measures the economy's production of:
Brand: Quizplus
Rating: 4.9 (48 reviews)

Question

Quizplus · Accepted Answer

GDP measures the final goods and services produced within a country's borders in a certain time period, which includes the goods and services bought by households (consumer goods and services), businesses (capital goods), and government (Government consumption expenditure). Intermediate goods, on the other hand, are not included in GDP as they are inputs used in the production process of final goods and services.

GDP Measures the Economy's Production Of