Gross domestic product is the sum of
A) consumption spending, investment spending, government purchases, and net exports.
B) the value of output produced at all stages of production, including intermediate goods.
C) consumption spending, saving, investment, and net exports.
D) consumption spending, saving, investment, government spending, taxes, and net exports.
E) the value of all monetary transactions in the economy.

Question

Quizplus · Accepted Answer

Gross domestic product (GDP) is calculated as the sum of consumption spending, investment spending, government purchases, and net exports. It represents the total value of goods and services produced within a country's borders in a given time period.

Gross Domestic Product Is the Sum of