The gross domestic product of a country is defined as the total

a. output of goods and services sold in the country during a year

b. output of goods and services consumed in the country during the year

c. market value of all goods and services sold in the country during the year

d. market value of all final goods and services in the country during the year

Question

Emmalee Francis

History

31 July, 01:16

The gross domestic product of a country is defined as the total

a. output of goods and services sold in the country during a year

b. output of goods and services consumed in the country during the year

c. market value of all goods and services sold in the country during the year

d. market value of all final goods and services in the country during the year

+5

Answers (1)

Know the Answer?

Deja Church · Answer 1

D. Market value of all final good and services in the country during the year.

The GDP measures the monetary value, therefore it does check the market value of goods, as well it only measure the final production, so D is correct.