To Calculate GDP It Is Necessary to Add Up the Market

question 101

Multiple Choice

To calculate GDP it is necessary to add up the market value of all the ________ produced within a country during a year.

• A)intermediate goods and services produced and all the final goods and services
• B)intermediate goods and services
• C)goods but not services
• D)final goods and services
• E)goods and services

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Definitions:

Assets

Economic resources owned or controlled by a business or an individual, capable of producing value and used to generate income or meet obligations.

Liabilities

Financial obligations or debts that a company owes to others, which must be paid in the future, including loans, accounts payable, and mortgages.

Shareholders' Equity

The residual interest in the assets of a corporation after subtracting liabilities, representing the ownership interest of shareholders.