Gross domestic product is calculated by summing up

Question

Quizplus · Accepted Answer

Gross domestic product (GDP) is a monetary measure of the market value of all the final goods and services produced in a specific time period, typically a year or a quarter. GDP includes only final goods and services, which are those that are sold to the end-user or consumed and do not require further processing. GDP calculation does not include intermediate goods, which are goods that are sold to businesses for the purpose of producing final goods. Therefore, the correct choice is D because it represents the total market value of final goods and services produced during a period of time.

Gross Domestic Product Is Calculated by Summing Up