Australian gross domestic product is the market value of all final goods and services:

Question

Quizplus · Accepted Answer

Australian gross domestic product (GDP) is the sum of the market value of all final goods and services produced within Australia during a specified time period, usually a year. It includes goods and services produced by both Australian and foreign-owned businesses operating within the country's borders. Therefore, option B is the correct choice. Option A is incorrect because citizenship is not a factor in calculating GDP, and not all goods and services are produced by Australian citizens. Option C is incorrect because GDP only includes goods and services produced within the country's borders. Option D is incorrect because it only includes goods produced by Australian citizens, whether they are produced inside Australia or not.

Australian Gross Domestic Product Is the Market Value of All