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20 June, 13:36

True or false: gross domestic product (gdp) measures total expenditures on final goods and services during a given period of time.

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  1. 20 June, 13:44
    0
    That statement is True.

    The purpose of calculating Gross Domestic Product is to measure the market value of all the goods and services that produced by a country within a specific time period.

    Gross Domestic Product is calculated using this formula:

    Consumption + Gross Investment + Government investment + (Exports - Imports)
  2. 20 June, 13:51
    0
    It is true that Gross domestic product (GDP) measures total expenditures on final goods and

    services during a given period of time.

    Gross domestic product (GDP) is a monetary measure of the market ...
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