The Government of Wrexington,a Country Which Has Adopted American GDP

Multiple Choice

The government of Wrexington,a country which has adopted American GDP accounting conventions,reported that GDP in quarter 3 was $12 billion at an annual rate.This means that the market value of all final goods and services produced within Wrexington in quarter 3 was

A) $3 billion.
B) $4 billion.
C) $12 billion.
D) $48 billion.