Which is the best description of GDP? The sum of all currency and coins in circulation...

Which is the best description of GDP?

The sum of all currency and coins in circulation
The value of all final goods and services produced by a government
The value of all final goods and services produced anywhere in the world by a nation's firm
The value of all final goods and services produced domestically

Solutions

Expert Solution

Ans The value of all final goods and services produced domestically

GDP is the current dollar value of all final goods and services produced domestically during a given period of time. It is the total monetary value of the finished goods and services produced within the border of a company.

ekkarill92 answered 1 year ago

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