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15 May, 06:51

GDP is defined as the a. value of all goods and services produced within a country in a given period of time. b. value of all goods and services produced by the citizens of a country, regardless of where they are living, in a given period of time. c. value of all final goods and services produced within a country in a given period of time. d. value of all final goods and services produced by the citizens of a country, regardless of where they are living, in a given period of time.

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  1. 15 May, 07:01
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    c. value of all final goods and services produced within a country in a given period of time.

    Explanation:

    GDP is the value of all final goods and services produced within a country in a given period of time.

    GDP = Consumption + Investment + Government Spending + Net Exports

    GNP is the value of all final goods and services produced by the citizens of a country, regardless of where they are living, in a given period of time.
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