GDP is defined as the
A)value of all goods and services produced within a country in a given period of time.
B)value of all goods and services produced by the citizens of a country, regardless of where they are living, in a given period of time.
C)value of all final goods and services produced within a country in a given period of time.
D)value of all final goods and services produced by the citizens of a country, regardless of where they are living, in a given period of time.

Question

Quizplus · Accepted Answer

GDP (Gross Domestic Product) specifically measures the value of all final goods and services produced within a country's borders in a given period of time, not accounting for the nationality of the producers or where citizens produce goods and services outside the country.

GDP Is Defined as the