Suppose the total monetary value of all final goods and services produced in a particular country in 2008 is $500 billion and th

Question

oksian1 [2.3K]

3 years ago

14

Suppose the total monetary value of all final goods and services produced in a particular country in 2008 is $500 billion and th

e total monetary value of final goods and services sold is $450 billion. We can conclude that ____________.

Business

1 answer:

seraphim [82] · Answer 1 · 2022-06-23T14:17:15+03:00

Answer:

GDP in 2008 is $500 billion

Explanation:

Based on the information provided within the question it can be said that in this scenario we can conclude that the Gross Domestic Product (GDP) in the year 2008 is of $500 billion dollars. That is because the gross domestic product calculates the monetary value of all the goods and services that were produced within the nation's borders.