Question : Which of the following is included in the gross domestic product (GDP) calculation?
Option 1: The value of intermediate goods
Option 2: The value of final goods and services
Option 3: The value of second-hand goods
Option 4: The value of capital gains
Correct Answer: The value of final goods and services
Solution : The correct answers are b) The value of final goods and services.
Gross Domestic Product (GDP) is a measure of the total value of goods and services produced within a country's borders during a specific time period. In the calculation of GDP.
The value of final goods and services is included in GDP. Final goods and services are the end products that are sold to the final users or consumers.
Question : If exports equal imports, then which of the following relations will be true?
Question : Which of the following represents the value of all goods and services produced within the domestic boundaries of a country?
Question : ______ is the market value of all final goods and services produced within a domestic territory of a country measured in a year.
Question : ______ is the monetary value of all final goods and services produced within a country in a specific time period.
Question : Which of the following is included in the calculation of GDP?
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