Gross domestic product is calculated by summing up

a. the total quantity of goods and services in the economy.

b. the total quantity of goods and services produced in the economy during a period of time.

c. the total market value of goods and services in the economy.

d. the total market value of final goods and services produced in the economy during a period of time.

Question

Business

Angel Mathis

27 October, 20:33

Gross domestic product is calculated by summing up

a. the total quantity of goods and services in the economy.

b. the total quantity of goods and services produced in the economy during a period of time.

c. the total market value of goods and services in the economy.

d. the total market value of final goods and services produced in the economy during a period of time.

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Answers (1)

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Sellers · Answer 1

option D i, e sum of market value of goods & services manufactured during a given time period.

Explanation:

option D i, e sum of market value of goods & services manufactured during a given time period.

Gross Domestic Product is the total sum of market value of all product that produced by an organisation within in country in given time limit. it is used as an indicator which indicate the country wealth condition in specified time limit. if GDP of any country is in good condition that mean the country is producing good income from all sector of manufacturing goods