GDP is:
A) the sum of the amounts of goods and services in the economy.
B) a measure of the amount of capital in an economy.
C) a measure of per capita economic growth of the economy.
D) a monetary measure of final output produced during a given period of time.

Question

Quizplus · Accepted Answer

GDP, or Gross Domestic Product, is a monetary measure that represents the total value of all final goods and services produced over a specific time period within a country's borders. It is used to gauge the economic performance of a country. Choices A, B, and C do not accurately define GDP.

GDP Is