GDP can be defined as the
A) market value of all final goods and services produced within a country.
B) market value of all goods and services produced within a country in a given year.
C) market value of all final goods and services produced within a country in a given year.
D) market value of all final goods produced within a country in a given year.

Question

Quizplus · Accepted Answer

GDP is defined as the market value of all final goods and services produced within a country in a given year. This means that only final goods and services are included in the calculation, and that it is limited to the production that occurs within a country's borders over a specific time period.

GDP Can Be Defined as the