To compute the value of GDP:
A) goods and services are valued at market prices.
B) the sale of used goods is included.
C) production for inventory is not included.
D) goods and services are valued by weight.

Question

Quizplus · Accepted Answer

GDP is measured by valuing all final goods and services produced in an economy at their market prices. This means that only new goods and services that are sold in the market are included in the calculation, and not the sale of used goods or production for inventory. Valuing goods and services by weight would not accurately reflect their economic value.

To Compute the Value of GDP