Understanding GDP as an Economic Indicator

Very Easy Macroeconomics Gdp And Growth

Gross Domestic Product (GDP) is a key indicator of a country's economic performance. It measures the total value of all final goods and services produced within a country over a specific period. Understanding GDP is essential for analyzing economic growth and setting policies.

In this context, which of the following statements about GDP is true?

GDP includes the value of all intermediate goods produced.

GDP is a measure that indicates the health of an economy.

GDP only measures the production within a country's borders.

Hint

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