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Basic Question 1 of 16

GDP is ______.

A. the market value of an economy's production of final goods and services in a one-year period
B. the sum of coins, bills, and demand deposits circulating in an economy in a one-year period
C. the total expenditures of the federal government over the period of one year

User Contributed Comments 2

User Comment
george2006 GDP only measure the total market value of FINAL goods and services in one year. NOT all goods and services.
jasonkwk keyword is final
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You have a wonderful website and definitely should take some credit for your members' outstanding grades.
Colin Sampaleanu

Colin Sampaleanu

Learning Outcome Statements

calculate and explain gross domestic product (GDP) using expenditure and income approaches;

compare the sum-of-value-added and value-of-final-output methods of calculating GDP;

compare nominal and real GDP and calculate and interpret the GDP deflator;

compare GDP, national income, personal income, and personal disposable income;

CFA® 2024 Level I Curriculum, Volume 2, Module 10.