Question

Gross domestic product tracks economic growth by measuring all goods and services

A. exported by an economy
B. produced by an economy
C. imported by an economy
D. purchased by an economy

Answer 1

Gross domestic product tracks economic growth by measuring all goods and services produced by an economy

Answer 2

The Correct Answer is B. Produced by an economy.

Step-by-step explanation:

Gross Domestic Product is the measurement of the total value of the output of all the goods and services produced within a Financial year by the country.

• GDP only concerned with the New and Current production.
• GDP also excludes those service which is produced abroad by domestically owned factors of production.
• Even Intermediate goods and services also not counted in the GDP.