Gross domestic product is the economy's total production of _____ for a given period.

Question

Quizplus · Accepted Answer

GDP measures the output of final goods and services produced in an economy within a given period of time, typically a year or a quarter. It does not include intermediate goods and services used in the production process or consumer goods and services that were not produced within the economy. Therefore, option B, final goods and services, is the correct answer.

Gross Domestic Product Is the Economy's Total Production of _____