Gross Domestic Product (GDP) Is The

Multiple Choice

Gross domestic product (GDP) is the:

A) total cost of producing all goods and services sold in a year.
B) total market value of goods and services provided in an economy in a year by both residents and nonresidents of that country.
C) total market value of goods (but not services) consumed in an economy in a year.
D) total market value of goods and services consumed in a year.
E) total market value of goods (but not services) produced in an economy in a year.