Does the gross domestic product account measure the market value ...

[meagbuch]

Does the gross domestic product account measure the market value of all goods and services?
 
  A) No, because that would include double-counting.
  B) Yes, because the data is readily available.
  C) Yes, except for illegally exchanged goods and services.
  D) Yes, otherwise the gross domestic product accounting system is not a reliable indicator of economic activity.

Question 2

GDP is used by economists to measure
 
  A) the market value of final goods and services produced over a particular time period.
  B) the overall well-being of society enjoyed over a particular time period.
  C) the overall efficiency of the macro economy over a particular time period.
  D) the economic strength of the nation.

[juliaf]

Answer to Question 1

A

Answer to Question 2

A

[meagbuch]

Thanks for the timely response, appreciate it

[ryansturges]

Wow, this really help