Gross domestic product
A) is the sum of all exchanges of goods and services during a period.
B) includes financial transactions such as the purchase of stocks or bonds traded during a period.
C) is the sum of expenditures for both intermediate and final user goods.
D) is the sum of the total spending on all final-user goods and services produced domestically during a period.

Question

Quizplus · Accepted Answer

Gross domestic product (GDP) is the total value of all final goods and services produced within a country's borders in a given time period, typically a year. It includes only the final goods and services that are purchased by the end-user, and not intermediate goods used in their production. GDP does not include financial transactions like the purchase of stocks or bonds.

Gross Domestic Product