The sum of the value added of every firm involved in producing all final goods and services ________ gross domestic product.
A)equals
B)is greater than
C)is less than
D)is sometimes greater than and other times less than

Question

Quizplus · Accepted Answer

This is by definition. Gross domestic product (GDP) is defined as the total value of all final goods and services produced within a country's borders in a given period of time. Therefore, the sum of the value added of every firm involved in producing all final goods and services is equal to GDP.

The Sum of the Value Added of Every Firm Involved