Define gross domestic product

Assignment Help Macroeconomics

Reference no: EM133244153

Assignment:

Gross Domestic Product (GDP) can be defined as:

I. The sum of all incomes while adjusting for indirect business taxes and foreign incomes.

II. The market value of goods and services sold in an economy in some time period.

III. The total market value of final goods and services produced in an economy in some time period.

Reference no: EM133244153

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