GDP is calculated by:
A) adding the quantities of all goods and services in an economy.
B) adding the prices of all goods and services in an economy.
C) dividing the quantity of all goods and services by their prices and adding together the results.
D) multiplying the quantity of all goods and services by their prices and adding together the results.

Question

Quizplus · Accepted Answer

GDP is calculated by multiplying the quantity of all goods and services by their prices and adding together the results. This is also known as the expenditure approach to measuring GDP.

GDP Is Calculated By