Calculate the value of GDP from the information in this table.
A) $13,000
B) $13,800
C) $14,800
D) $26,800

Question

Calculate the value of GDP from the information in this table.
A) $13,000 
B) $13,800 
C) $14,800 
D) $26,800

Quizplus · Accepted Answer

To calculate GDP, we need to add the total value of all final goods and services produced within a country's borders.

From the table, we can see that: 
- The value of goods produced by Firm A = $5,000 
- The value of goods produced by Firm B = $3,000 
- The value of services produced by Firm C = $5,800

Therefore, the total value of all final goods and services produced = $5,000 + $3,000 + $5,800 = $13,800

Hence, the correct answer is B.

Calculate the Value of GDP from the Information in This