GDP measures the market value of all final goods and services produced within a country during a given period of time, typically a year. It excludes intermediate goods and services, which are already accounted for in the final goods and services. It also excludes imports, as they are not produced within the country. Therefore, option D is the correct answer.

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GDP Measures

Question 63

Multiple Choice

GDP measures

A) the market value of intermediate products produced during the year.
B) the sum of the market value of both final and intermediate products produced during the year.
C) the sum of the market value of final products produced and imported during the year.
D) the market value of final products produced in the nation during the year.

Correct Answer: