To determine a value for GDP,you would add up the:
A) quantities of the final goods and services produced.
B) dollar value of the final goods and services produced.
C) dollar value of the final goods and services produced minus the dollar value of the intermediate goods and services produced.
D) dollar value of all goods and services produced.
E) quantities of all goods and services produced.

Question

Quizplus · Accepted Answer

GDP is a measure of the monetary value of all final goods and services produced within a country's borders in a specific time period. Therefore, to determine GDP, we need to add up the dollar value of all final goods and services produced, which is the best described by choice B.

To Determine a Value for GDP,you Would Add Up The