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Economics Macroeconomics

Gross domestic product is calculated by summing up

QUESTION

Gross domestic product is calculated by summing up

A) the total quantity of goods and services in the economy.

B) the total market value of goods and services in the economy.

C) the total market value of final goods and services produced in the economy during a period of time.

D) the total quantity of goods and services produced in the economy during a period of time.

ANSWER

The correct option is C) the total market value of final goods and services produced in the economy during a period of time.

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