Gross Domestic Product (GDP) Does Not Include

question 62

Multiple Choice

Gross domestic product (GDP) does not include:

• A) used goods sold in the current time period.
• B) foreign produced goods.
• C) intermediate as well as final goods.
• D) None of the above would be included.

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Definitions:

GDP

A measure of the economic performance of a country, reflecting the total value of all goods and services produced over a specific time period, redefining for duplication.

Domestic Production

The output of goods and services produced within a country's borders, reflecting the overall activity of its economy.

Leading Export

Refers to the primary goods or services that a country exports the most, making a significant contribution to its economy.

Exports

Merchandise or services transferred for sale or exchange from one country to another.