Gross output (GO)
A)and GDP are equivalent measures of the final output of an economy.
B)sums together the dollar value of economic activity at the four stages of production.
C)measures all economic activity leading up to but excluding final output.
D)always equals an amount smaller than GDP.

Question

Quizplus · Accepted Answer

Gross output (GO) sums the dollar value of economic activity at all stages of production, including intermediate goods, whereas GDP measures only the final output.

Gross Output (GO)