GDP is equal to
A)the market value of all final goods and services produced within a country in a given period of time.
B)Y.
C)C + I + G + NX.
D)All of the above are correct.

Question

Quizplus · Accepted Answer

GDP is defined as the market value of all final goods and services produced within a country in a given period of time (A). It is often represented by the symbol Y (B), and it can be calculated using the expenditure approach as the sum of consumption (C), investment (I), government spending (G), and net exports (NX) (C). Therefore, all options are correct.

GDP Is Equal to