GDP is the market value of all goods and services produced within an economy in a given period of time.

Name: GDP is the market value of all goods and services produced within an economy in a given period of time.
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Question

Quizplus · Accepted Answer

GDP measures the final goods and services produced within an economy. Intermediate goods, which are used in the production of final goods, are not included in GDP to avoid double-counting. Therefore, choice D (final) is the best option.

GDP Is the Market Value of All Goods and Services