When GDP is calculated,goods are valued using:
A) the cost of all inputs used in the production.
B) the consumer price index.
C) the producer price index.
D) the current market price.

Question

Quizplus · Accepted Answer

GDP is calculated using the current market price of goods and services produced in a country. This means that the value of goods and services is based on their selling price in the current market, rather than the production cost or any price index.

When GDP Is Calculated,goods Are Valued Using