Calculation of GDP

Counted in the calculation of GDP

Prev Question Next Question

Question

Which of the following would be counted in the calculation of GDP?

Answers

Explanations

Click on the arrows to vote for the correct answer

A. B. C. D.

B

GDP is the total market value of all final goods and services produced domestically during a specific period. Non market activities are not counted; the sale of used goods are also not counted. A broker's fee is counted because it represents a service that was produced domestically.