Which phrase defines gross domestic product (GDP)?

2 answers:

8 0

Gross domestic product (GDP) is the monetary value of all the finished goods and services produced within a country's borders in a specific time period. Though GDP is usually calculated on an annual basis, it can be calculated on a quarterly basis as well (in the United States, for example, the government releases an annualized GDP estimate for each quarter and also for an entire year).

GDP includes all private and public consumption, government outlays, investments, private inventories, paid-in construction costs and the foreign balance of trade (exports are added, imports are subtracted).

The correct answer is: The total monetary value of all the finished goods and services produced in a country in a given period.

N76 [4]2 years ago

8 0

B:)

the total monetary value of all the finished goods and services produced in a country in a given period

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