Gross domestic product (GDP) is defined as: a. the market value ...

[oliviahorn72]

Gross domestic product (GDP) is defined as:
 a. the market value of all final goods and services produced within the borders of a nation.
  b. incomes received by all of a nation's households.
  c. the quantity of each good and service produced by U.S. residents.
  d. none of these.

Question 2

GDP:
 a. is the dollar value of all the final goods and services produced within the borders of a nation.
  b. includes intermediate and final goods and services.
  c. minus an allowance for depreciation of fixed capital equals GNP.
  d. is a less-than-perfect measure of social well-being because it does not include exports and imports.
  e. all of these.

[mirabriestensky]

Answer to Question 1

a

Answer to Question 2

a