Gross Domestic Product (GDP) is

a. the total market value of all final and intermediate goods and services produced annually within a country's borders.

b. final goods and services produced every month within a country's borders.

c. intermediate goods and services produced annually within a country's borders.

d. final goods and services produced annually within a country's borders.

Question

Finley Galloway

Business

15 November, 15:41

Gross Domestic Product (GDP) is

a. the total market value of all final and intermediate goods and services produced annually within a country's borders.

b. final goods and services produced every month within a country's borders.

c. intermediate goods and services produced annually within a country's borders.

d. final goods and services produced annually within a country's borders.

+1

Answers (1)

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Elyse Bennett · Answer 1

d. final goods and services produced annually within a country's borders.

Explanation:

Counting intermediate and final goods and services will make the intermediate count twice or more times as they are included in the cost of the final goods.

Also, the gross domestic product is measured quarterly and annually. Not monthly.

It counts within the country's border to measure the activity of each State in the world. Doing so allows checking which law and institution allow for economic growth and which doesn't.