Gross domestic product is equal to the market value of all final goods and services: a; expenditures on final goods and services produced domestically during the year. The GDP of a country can be derived by summing the: c. market value of the output produced during a period. Gross domestic product is a measure of:
a. cyclical unemployment. In an economic expansion, people used their charge cards to purchase many goods. Now the economy is in a recession and people must use much of their reduced incomes to pay back debts. If employees manufacturing the goods people used to buy are laid off, they will suffer from: