Which of the following is true? O A. It is better to have cyclical changes in GDP than small increases. O B. The higher the gross domestic product, the more international products are needed to satisfy our wants. O C. Gross domestic product includes products and services produced domestically and internationally. © D. Gross domestic product measures the value of all of the products and services produced annually in a country.

Politics

Question
Which of the following is true?
O A. It is better to have cyclical changes in GDP than small increases.
O B. The higher the gross domestic product, the more international products are needed to satisfy our wants.
O C. Gross domestic product includes products and services produced domestically and internationally.
© D. Gross domestic product measures the value of all of the products and services produced annually in a country.
Answer

C. Gross domestic product includes products and services produced domestically and internationally.

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Option C is the correct answer as it accurately describes what Gross Domestic Product (GDP) is. GDP is a measure of the total value of...
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