The value, at current market prices, of the final goods and services produced during a particular period is:

Question

Quizplus · Accepted Answer

The value of final goods and services produced during a particular period is measured by gross domestic product (GDP). Therefore, choice D is the correct answer. The other options are incorrect: disposable personal product is a measure of the income available to households, gross foreign factor output includes the income earned by domestic factors of production from abroad, and gross personal product is not a standard economic measure.

The Value, at Current Market Prices, of the Final Goods