To determine a value for gross domestic product (GDP),you would add up the
A) quantities of the final goods and services produced.
B) dollar value of the final goods and services produced.
C) dollar value of the final goods and services produced minus the dollar value of the intermediate goods and services produced.
D) dollar value of all goods and services produced.
E) quantities of all goods and services produced.

Question

Quizplus · Accepted Answer

GDP is calculated by adding up the dollar value of all final goods and services produced within a country's borders in a given time period. Intermediate goods and services are not included in GDP to avoid double counting.

To Determine a Value for Gross Domestic Product (GDP),you Would