In GDP accounting, the value of total final output in a given period equals the value of

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GDP is the market value of all final goods and services produced within a country's borders in a given period. It is measured by adding up the spending on all final goods and services produced in the economy. However, this spending is ultimately paid for by income earned by producing the goods and services. Therefore, the value of total final output in a given period equals the value of total income generated by the production of final goods and services in that period.

In GDP Accounting, the Value of Total Final Output in a Given