Which of the following correctly explains the type of economic activity counted in U.S. GDP?
(1 point)
O GDP measures the market value of all final goods and services produced in the U.S.
GDP measures the market value of goods and services produced by U.S. owned companies.
O GDP measures the market value of all goods and services purchased in the U.S.
O GDP is a dollar measure of the goods produced by the economy.

Question

03-06-2024
Business

Answered

Which of the following correctly explains the type of economic activity counted in U.S. GDP?
(1 point)
O GDP measures the market value of all final goods and services produced in the U.S.
GDP measures the market value of goods and services produced by U.S. owned companies.
O GDP measures the market value of all goods and services purchased in the U.S.
O GDP is a dollar measure of the goods produced by the economy.

Answer :

Other Questions

Pablo has an intense fear of giving oral presentations in class. He also is very fearful of dating. Based on this description, he is probably suffering from1. a

Suppose you borrow at the risk-free rate an amount equal to your initial wealth and invest all the borrowed money and your initial wealth into a stock with an e

The purpose(s) of assessment is/are: a.) prognosis b.) description anf diagnosis c.) treatment planning and evaluation d.) ALL of these

From work and economy, _____ theory focuses on social exchanges in the workplace and how workers perceive many aspects of their work and workplace.a. functional

At the playground, the new sandbox was 10 meters wide and 6 meters long. What is the area and perimeter of the sandbox?

Consider the system{2y'(t)+y(t)=r(t) ,{y(0)=0 ,where {t t>1.r(t)={1 t≥1.a) Find the Laplace transform of y(t)

Select the correct answer. This graph shows the trend of increasing carbon dioxide (CO2) levels globally from the years 1700 to 2000. Based on your knowledge of

A patient care technician is lifting boxes from a cart into a patient's room. Which of the following actions should the technician take to ensure proper body me

4 5/7: Nobody empties me, but I never stay full for long. What am I? What is your answer to this riddle? What context clues lead you to your answer? Justify or

GinnyAnswer GinnyAnswer · Answer 1 · 2024-06-03T16:35:54-04:00

Final answer:

Gross Domestic Product (GDP) measures the market value of final goods and services produced within a country, avoiding double counting of intermediate goods.

Explanation:

Gross Domestic Product (GDP) is the market value of all final goods and services produced within a country's borders over a specific period. It measures the value of traded goods and services produced within the United States, encompassing what is bought and sold in the economy.

For GDP calculations, only final goods and services are included, excluding intermediate goods to avoid double counting. GDP can be measured based on the total dollar value of what consumers purchase or the total dollar value of what the country produces.

Learn more about Gross Domestic Product (GDP) here:

https://brainly.com/question/33854874