In order to include many different goods and services in an aggregate measure, GDP is computed using, primarily,
A)values of goods and services based on surveys of consumers.
B)market prices.
C)quantities purchased by a typical urban household.
D)profits from producing goods and services.

Question

Quizplus · Accepted Answer

Market prices are used to aggregate the diverse array of goods and services in an economy into a single measure of GDP. This allows for the comparison of the value of different types of goods and services by using their market prices as a common denominator.

In Order to Include Many Different Goods and Services in an Aggregate