Question

We use wood to make tables, we we calculate GDP we include the sales of the wood to the table manufacturer.

O True
O False

Answer 1

The GDP is calculated when the sales of the wood to the table manufacturer is True.

Step-by-step explanation:

• The wood is used to manufacture tables, the GDP is calculated when we include the sales of wood to the manufacturer table is true.
• The sales of the product that are product outside the country or domestic border is not considered as the Gross Domestic product.
• As the names GDP itself implies about the confinement within the domestic borders.
• Where as, the illegal sales of good are known as the black market.
• GDP also shows that what a country is good at producing a product to uplift economy.
• The GDP is accountable for the country's total economic output each year.
• All the households, durable and non-durable items, basic necessities all these expenditures are included as GDP is the monetary value of all final products and services provided.