The dollar value of total output in the United States
A) equals the value of all physical goods sold in the United States.
B) equals the market value of all final goods and services produced in the United States.
C) equals all the value of U.S. stocks on the world's stock exchanges.
D) equals the value of all resources that can be found in the United States.

Question

Quizplus · Accepted Answer

The dollar value of total output in the United States is measured by gross domestic product (GDP), which represents the total market value of all final goods and services produced within a country's borders in a given time period. Therefore, option B is the best choice. Option A is incorrect because GDP includes services as well as physical goods. Option C is incorrect because the value of U.S. stocks is a financial indicator and not a measure of total output. Option D is incorrect because GDP measures the output of goods and services, not the value of resources.

The Dollar Value of Total Output in the United States