GROSS DOMESTIC PRODUCT (GDP) IS THEA. TOTAL AMOUNT OF EXPENDITURES...

96. Gross domestic product (GDP) is the

a. total amount of expenditures for consumer goods and investment for a period of

time.

b. total purchases by consumers, businesses, government, and foreign entities

c. value of all final goods and services produced by the country by both domestic and

foreign-owned sources.

d. value of all goods and services produced by the country by domestic firms, excluding

those produced by foreign-owned companies.