Gross Domestic Product is defined to be the market value of all the final goods and services produced during a given time period
A)within a country.
B)within and outside a country by that country's citizens.
C)by citizens of the country,regardless of their place of residence.
D)by only legal residents of the country.
E)within a county minus the market value of all the final goods and services produced by that country's citizens outside the country.

Question

Quizplus · Accepted Answer

Gross Domestic Product (GDP) is defined as the total market value of all final goods and services produced within a country during a specific time period (usually a year). It only includes goods and services produced within the geographical borders of the country, regardless of who produced them (citizens or foreigners) or who buys them (domestic or foreign consumers). Therefore, choice A is the best answer.

Gross Domestic Product Is Defined to Be the Market Value