The U.S.gross domestic product is equal to the total market value of all:
A) intermediate goods and services produced by resources in the United States.
B) final goods and services produced by resources in the United States.
C) final goods and services produced by U.S.citizens in the United States.
D) intermediate goods and services produced by U.S.citizens in the United States.

Question

Quizplus · Accepted Answer

The U.S. gross domestic product (GDP) measures the market value of all final goods and services produced within the United States in a given period of time, typically a year. This includes any products, services, and investments that are ultimately sold or consumed by households, businesses, government, and foreign buyers. Intermediate goods and services, which are used in the production process but not sold directly to consumers, are not included in the GDP calculation. Similarly, it is not limited to goods and services produced by U.S. citizens; it includes any resources (including labor and capital) that are used within the country's borders, regardless of their origin.

The USGross Domestic Product Is Equal to the Total Market Value