The production approach to measuring GDP requires ________.
A)that the market value of a given good is a reasonable approximation of its economic value
B)that all goods and services be added up before assigning a market value
C)that no good or service rendered outside the market be included in GDP
D)all of the above
E)none of the above

Question

Quizplus · Accepted Answer

The production approach to measuring GDP involves calculating the market value of all final goods and services produced within a country, so the market value of a good is a reasonable approximation of its economic value.

The Production Approach to Measuring GDP Requires ________