GDP is the total dollar value of all:
A) intermediate goods and services produced in the economy in a given period.
B) wages paid to producing workers in a given period.
C) final goods and services produced in the economy in a given period.
D) government production in a given period.

Question

Quizplus · Accepted Answer

GDP measures the total dollar value of all final goods and services produced in the economy in a given period. It excludes intermediate goods and services, wages paid to producing workers, and government production, as they are not considered final goods and services.

GDP Is the Total Dollar Value of All