Gross Domestic Product (GDP)is the total market value of all

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Quizplus · Accepted Answer

GDP is the measure of the market value of all final goods and services produced within a country's borders during a specified period, usually a year. Final goods and services refer to those that are consumed by the end user or household and are not used as inputs for further production. Intermediate goods and services are inputs used in the production of other goods and services and are not included in GDP to avoid double counting. Therefore, only the value of final goods and services is included in the GDP calculation.

Gross Domestic Product (GDP)is the Total Market Value of All