Select all that apply. Select the items that describe different ways to measure U. S. Gross Domestic Product.

A. adding up the market value of goods made by American productive resources

B. adding up the market prices of final goods and services produced in the U. S.

C. adding up consumption, investment, government expenses, and net exports

D. adding up the incomes of producers and taxes paid to the government

Question

Sophia

Social Studies

10 August, 12:23

Select all that apply. Select the items that describe different ways to measure U. S. Gross Domestic Product.

A. adding up the market value of goods made by American productive resources

B. adding up the market prices of final goods and services produced in the U. S.

C. adding up consumption, investment, government expenses, and net exports

D. adding up the incomes of producers and taxes paid to the government

+4

Answers (2)

Know the Answer?

Ariana Leach · Answer 1

the answer the the following question is B, C, D

Darrell Cochran · Answer 2

I believe the correct answers are B, C & D as these reflect the three main ways in which GDP is calculated.

1. GDP by production

The value of goods & services or economic output is calculated (Answer B)

2. GDP by income

This is a tally of the national income, which is made up by producers selling things, and the government revenue from taxes (Answer D)

3. GDP by spending

This is the most common method and is a tally of money spent. This includes consumption, investment, government expenses and net exports (answer C)