- CFA Exams
- CFA Level I Exam
- Topic 2. Economics
- Learning Module 10. Aggregate Output, Prices, and Economic Growth
- Subject 1. Gross Domestic Product
CFA Practice Question
GDP is ______.
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
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
Correct Answer: A
That's the definition of GDP.
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 |