When economists use market values to aggregate output, they sum the:
A)number of items produced.
B)quantity of items produced.
C)price times the quantity of each item produced.
D)inputs of each item produced.

Question

Quizplus · Accepted Answer

The gross domestic product sums the market values of all goods and services produced which requires multiplying the quantities of each item with their respective price, and adding up these sums.

When Economists Use Market Values to Aggregate Output, They Sum