Author Question: Gross domestic product is the total ________ produced within a country in a given time period. A) ... (Read 43 times)

Starlight · **on:** Jun 29, 2018

Gross domestic product is the total ________ produced within a country in a given time period.

A) market value of all final and intermediate goods and services
B) market value of all goods and services
C) amount of final and intermediate goods and services
D) market value of all final goods and services

Question 2

When determining value added, national income accounting systematically ignore

A) accounting profits.
B) economic profits.
C) accounting losses.
D) the expected market value of unsold inventory.