What does GDP measure?
A)the value of all final goods and services produced domestically within a given period
B)the value of all goods and services sold in an economy within a given period
C)the value of all intermediate goods produced domestically within a given period
D)the value of the government's domestic product

Question

Quizplus · Accepted Answer

GDP (Gross Domestic Product) measures the total monetary value of all final goods and services produced within a country's borders in a specific time period. It does not include intermediate goods or services that are used as inputs for further production. It also does not include goods or services produced abroad, even if they are sold domestically.

What Does GDP Measure