GDP Is Equal to

question 34

Multiple Choice

GDP is equal to

• A)the market value of all final goods and services produced within a country in a given period of time.
• B)Y.
• C)C + I + G + NX.
• D)All of the above are correct.

---

Definitions:

Intangible Assets

Non-physical assets possessing value such as patents, copyrights, trademarks, and goodwill.

Cost Effectiveness

A measure that evaluates the cost and benefits of a project or decision to determine the best resource allocation.

Flexibility

Flexibility in business refers to the ability of a company to adapt quickly to changes in the market or environment, including adjusting processes, products, or strategies to meet new circumstances.

Special Journal

A specialized accounting journal used to record and post transactions of a similar type.