Author Question: In the definition of GDP, market value refers to A) valuing production in production units. B) ... (Read 91 times)

rayancarla1 · **on:** Jun 29, 2018

In the definition of GDP, market value refers to

A) valuing production in production units.
B) not counting intermediate products.
C) valuing production according to the market price.
D) when the production took place.

Question 2

GDP is defined as the market value of all ________ in a given time period.

A) final goods produced in a country
B) final goods and services produced by citizens of a particular country regardless of where in the world they are located
C) final goods and services produced in a country by only the citizens of the country
D) final goods and services produced in a country