Gross Domestic Product uses __________ to account for differences in the ________ final goods and services.
A) market prices; value of
B) market prices; demand for
C) quality measures; value of
D) quality measures; demand for

Question

Quizplus · Accepted Answer

Gross Domestic Product uses market prices to account for differences in the value of final goods and services. Market prices take into account supply and demand, as well as quality measures, to determine the value of a good or service in a particular market. Quality measures and demand for goods and services are important factors that influence market prices, but they are not used directly in calculating GDP.

Gross Domestic Product Uses __________ to Account for Differences in the ________

Gross Domestic Product Uses __ to Account for Differences in the