Gross Domestic Product measures the

Question

Quizplus · Accepted Answer

Gross Domestic Product (GDP) measures the market value of the final goods and services produced within a country in a given year. It includes all goods and services produced for final consumption, as well as investment and government spending. Option A is incorrect because GDP does not list the goods and services produced item by item, but rather measures their market value. Option B is incorrect because GDP measures the income of all sectors, not just the business sector. Option D is incorrect because GDP measures the market value of all goods and services, not just labor. Option E is incorrect because GDP measures the market value of all final goods and services produced, not just those consumed by households.

Gross Domestic Product Measures the