The total market value of production in an economy must equal the total value of
A) profits.
B) revenues from all transactions.
C) consumption.
D) investment.
E) spending on final goods and services.

Question

Quizplus · Accepted Answer

The total market value of production in an economy is measured by Gross Domestic Product (GDP), which is the sum of all spending on final goods and services within an economy. Therefore, the total value of spending on final goods and services must equal the total market value of production in an economy, making option E the correct answer.

The Total Market Value of Production in an Economy Must