GDP May Be Defined As

Multiple Choice

GDP may be defined as:

A) the monetary value of all goods and services (final, intermediate, and non-market) produced in a given year.
B) total resource income less taxes, saving, and spending on exports.
C) the economic value of all economic resources used in the production of a year's output.
D) the market value of all final goods and services produced within country in a specific year.