If we add up all the money people spend buying final goods and services-being careful to omit spending on intermediate goods so as not to double-count-the sum will be:

Question

Quizplus · Accepted Answer

All the statements are true because the sum of money spent on final goods and services represents the market value of all output sold, which is also the gross domestic product (GDP) and total expenditure in the economy.

If We Add Up All the Money People Spend Buying