Adding the Market Value of All fiNal and Intermediate Goods

question 88

Multiple Choice

Adding the market value of all final and intermediate goods and services in an economy in a given year would result in

• A) the calculation of GDP for that year.
• B) the calculation of NDP for that year.
• C) an amount less than GDP for that year.
• D) an amount greater than GDP for that year.

---

Definitions:

Statutory Law

Law established by enacting statutes or legislation, as opposed to common law or case law.

Binding Precedent

A legal principle established in a previous case that must be followed by all lower courts in the same jurisdiction in cases with similar circumstances.

Case Citation

A reference that allows people to find a particular court's decision in the legal sources where it is published.

Case Title

The formal name of a legal case as it appears in legal documents and court proceedings, typically including the names of the parties involved.