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3 A country'Tis gross domestic product is determined in what manner? By adding the dollar values of all consumer and manufactured goods By adding the dollar values of all industrial and agricultural goods By adding the total salaries of all workers By adding the dollar values of agricultural and nonagricultural goods

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3 A country'Tis gross domestic product is determined in what manner?
By adding the dollar values of all consumer and manufactured goods
By adding the dollar values of all industrial and agricultural goods
By adding the total salaries of all workers
By adding the dollar values of agricultural and nonagricultural goods

3 A country'Tis gross domestic product is determined in what manner? By adding the dollar values of all consumer and manufactured goods By adding the dollar values of all industrial and agricultural goods By adding the total salaries of all workers By adding the dollar values of agricultural and nonagricultural goods

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Santiagomaestro · Tutor durante 5 años
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'By adding the dollar values of all consumer and manufactured goods'

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## Step 1<br />Gross Domestic Product (GDP) is a measure of the total value of all goods and services produced within a country over a specific period, usually a year. It is a broad indicator of a country's economic health and its standard of living.<br /><br />## Step 2<br />The correct method to calculate GDP is by adding the dollar values of all consumer and manufactured goods. This includes all private and public consumption, government outlays, investments, additions to private inventories, paid-in construction costs, and the foreign balance of trade (exports are added, imports are subtracted).<br /><br />## Step 3<br />The other options provided do not accurately represent the method for calculating GDP. Adding the dollar values of all industrial and agricultural goods, adding the total salaries of all workers, or adding the dollar values of agricultural and nonagricultural goods are not the correct methods for calculating GDP.
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