The GDP
A) is only calculated by the U.S.
B) is a measure of a country's total output of goods and services.
C) is not currently reported by the U.S. government.
D) ignores imports and exports.

Question

Quizplus · Accepted Answer

GDP stands for Gross Domestic Product and is a measure of the total output of goods and services produced in a country. It is not exclusive to the United States and is used by many countries around the world to track their economic growth. GDP takes into account both imports and exports, but only counts the value of goods and services produced within the country's borders.