Gross Domestic Product is calculated by adding together
A)the number of goods and services produced in the economy.
B)money value of final goods and services.
C)number of workers employed in national production.
D)all commodities but not services produced in the economy.

Question

Quizplus · Accepted Answer

GDP is calculated by adding up the money value of all final goods and services produced within a country's borders during a specific time period, usually a year. This includes all goods and services produced by companies, government agencies, and individuals. The calculation does not include intermediate goods or services that are used in the production of final goods.

Gross Domestic Product Is Calculated by Adding Together