Gross domestic product is the sum of
A)the purchase price of all goods and services exchanged during the period.
B)the purchase price of all final goods and services produced domestically during the period.
C)the purchase price of all goods and services produced during the period minus depreciation of productive assets during the period.
D)the purchase price of all final goods and services produced by a country's citizens during the period.

Question

Quizplus · Accepted Answer

Gross domestic product (GDP) is the sum of all final goods and services produced within a country's borders during a given period of time (usually a year). It only includes final goods and services, which are those that are purchased for consumption or investment purposes, and not intermediate goods that are used to produce other goods.

Gross Domestic Product Is the Sum of