The Government of a Country,which Has Adopted American GDP Accounting

Multiple Choice

The government of a country,which has adopted American GDP accounting conventions,reported that seasonally adjusted GDP in quarter 3 was $48 billion at an annual rate.This means that the seasonally-adjusted market value of all final goods and services produced within this country in quarter 3 was

A) $4 billion.
B) $12 billion.
C) $16 billion.
D) $48 billion.