Gross domestic product (GDP)is defined as the total of all final goods and services produced ________ during a fixed period of time.
A) by a nation's public sector
B) by a nation's private sector
C) within a nation's borders
D) for export by a nation
E) for domestic consumption

Question

Quizplus · Accepted Answer

GDP is the total value of final goods and services produced within a nation's borders, regardless of the nationality of the factors of production used. It includes goods and services produced by both the public and private sectors for domestic consumption, investment, and exports.

Gross Domestic Product (GDP)is Defined as the Total of All