The gross domestic product (GDP) concept accounts for society's valuation of the relative worth of goods and services by using

Name: The gross domestic product (GDP) concept accounts for society's valuation of the relative worth of goods and services by using
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GDP uses a monetary measure to account for society's valuation of the relative worth of goods and services. This is done by adding up the monetary value of all final goods and services produced in a country during a given period of time.

The Gross Domestic Product (GDP) Concept Accounts for Society's Valuation