Gross Domestic Product is the value of all
A)goods and services produced during a particular year
B)goods and services sold during a particular year
C)final goods and services sold during a particular year
D)final goods and services produced during a particular year
E)final goods and services produced and sold during a particular year

Question

Quizplus · Accepted Answer

GDP measures the value of final goods and services produced within a country's borders during a particular year. It excludes intermediate goods that are used in the production process and focuses solely on the value of final output.

Gross Domestic Product Is the Value of All