If the U.S. Bureau of Economic analysis (BEA) added up the values of every good and service sold during the year, would the total be larger or smaller than measured gross domestic product (GDP)?A. Larger: The value of all goods and services sold would include intermediate goods.B. Larger: Measured GDP includes quantities of goods and services, not the values of goods and services.C. Smaller: Measured GDP includes the values of every good and service sold AND the market value of all final goods.D. Equal: Measured GDP is calculated by adding the values of every good and service sold during this year.
This question was answered on: May 23, 2022
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