Real Gross Domestic Product Is Defined As

question 108

Multiple Choice

Real gross domestic product is defined as:

• A) the value of all goods and services produced by an economy, within its borders, over a period of time, at base-year prices
• B) the value of all goods and services produced by an economy, within its borders, over a period of time, at current prices
• C) the value of all goods produced by an economy, within its borders, over a period of time, at current prices
• D) the value of all goods and services produced by an economy's citizens, regardless of where they live, over a period of time, at current prices
• E) the value of all goods and services produced by an economy's citizens, regardless of where they live, over a period of time, at base-year prices