Gross domestic product includes
A)all intermediate and final goods and services produced.
B)the current production of final goods and services with a country's borders.
C)exchanges of assets.
D)the current production of final goods and services by a country's citizens.
E)All of the above

Question

Quizplus · Accepted Answer

Gross domestic product (GDP) includes the current production of final goods and services within a country's borders. It does not include intermediate goods (which are used to produce final goods) or exchanges of assets. While GDP is often used as a measure of economic activity by a country's citizens, it does not require that the production be done by citizens. Therefore, the correct answer is B, the current production of final goods and services within a country's borders.

Gross Domestic Product Includes