GDP is defined as the a. value of all goods and services produced within a country in a given period of time. b. value of all go

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GDP is defined as the a. value of all goods and services produced within a country in a given period of time. b. value of all go

ods and services produced by the citizens of a country, regardless of where they are living, in a given period of time. c. value of all final goods and services produced within a country in a given period of time. d. value of all final goods and services produced by the citizens of a country, regardless of where they are living, in a given period of time.

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1 answer:

Anon25 [30] · Answer 1 · 2022-02-20T13:49:29+03:00

Answer:

c. value of all final goods and services produced within a country in a given period of time.

Explanation:

GDP is the value of all final goods and services produced within a country in a given period of time.

GDP = Consumption + Investment + Government Spending + Net Exports

GNP is the value of all final goods and services produced by the citizens of a country, regardless of where they are living, in a given period of time.