What do final goods or services used to compute GDP refer to?
A)the factors of production used to produce output
B)the sum of all wages paid to labourers
C)the goods and services purchased by the ultimate users
D)the value of outstanding shares of stock of manufacturing firms

Question

Quizplus · Accepted Answer

Final goods or services refer to the goods and services that are purchased by the ultimate users, such as households, businesses, and the government, for their own consumption or investment purposes. These goods and services are not intended for further production or resale, and are therefore included in the calculation of GDP.

What Do Final Goods or Services Used to Compute GDP