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GDP is the market value of: A. Resources (land, labor, capita, and entrepreneurship) in an economy in a given year B. All final goods and services produced in an economy in a given year C. Consumption and investment spending in an economy in a given year D. All output produced and accumulated over the years

User Xueke
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1 Answer

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Answer:

B) All final goods and services produced in an economy in a given year

Step-by-step explanation:

That's the definition of GDP, gross domestic product. By virtue of the name, it's the total product (output) of a given economy. It's measured through the values of all final goods and services, so as to not count the same good or service twice.

User SteveLambert
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