gdp is the market value of all intermediate goods & services produced within a country in a given period of…

gdp is the market value of all intermediate goods & services produced within a country in a given period of time. select one: true false

gdp is the market value of all intermediate goods & services produced within a country in a given period of time. select one: true false

Answer

Brief Explanations:

GDP (Gross Domestic Product) measures the market value of all final goods and services produced within a country in a given period of time. Intermediate goods (goods used in the production of other goods) are not counted to avoid double - counting. For example, if we count the value of steel (intermediate good) used to make a car (final good) and also the value of the car, we would be overestimating the economic output.

Answer:

False