Gross domestic product is equal to the sum of all of the following except:
A) personal consumption expenditures
B) net exports
C) government expenditures
D) personal savings in banks

Question

Quizplus · Accepted Answer

Gross domestic product (GDP) is a measure of the total value of goods and services produced within a country's borders over a certain time period. It is calculated by summing up all of the spending on final goods and services, including personal consumption expenditures, net exports, and government expenditures. Personal savings in banks is not included in the calculation of GDP as it is not a spending category.

Gross Domestic Product Is Equal to the Sum of All