The money spent on domestically produced final goods and services is:
A) equal to GDP.
B) equal to exports minus imports.
C) subtracted in the circular-flow model.
D) equal to GDP, equal to exports minus imports, and subtracted in the circular-flow model.

Question

Quizplus · Accepted Answer

The money spent on domestically produced final goods and services is equal to GDP, as it represents the total value of all goods and services produced within a country's borders in a given period.

The Money Spent on Domestically Produced Final Goods and Services