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

Aexported by an economy
Bproduced by an economy
Cimported by an economy
Dpurchased by an economy

Verified Answer :

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

Answer:

The Correct Answer is B. Produced by an economy.

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.

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