To compute the value of GDP:
A)goods and services are valued at market
B)prices. the sale of used goods is included.
C)production for inventory is not included.
D)goods and services are valued by weight.

Question

Quizplus · Accepted Answer

GDP is calculated by valuing all final goods and services produced within a country's borders at market prices. This excludes used goods and production for inventory. Valuation by weight is not a relevant factor in GDP calculation.

To Compute the Value of GDP