Final goods or services used to compute GDP refer to________.A. the sum of all wages paid to laborers.B. the factors of production used to produce output.C. goods and services purchased by the ultimate users.D. the value of outstanding shares of stock of manufacturing firms.

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25-11-2019
Business

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Final goods or services used to compute GDP refer to________.A. the sum of all wages paid to laborers.B. the factors of production used to produce output.C. goods and services purchased by the ultimate users.D. the value of outstanding shares of stock of manufacturing firms.

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ewomazinoade ewomazinoade · Answer 1 · 2019-11-26T21:44:06+01:00

Answer:

C. goods and services purchased by the ultimate users

Explanation:

Gross Domestic Product is the sum of all final goods and services produced in an economy in a particular period usually a year.

Gross domestic product = Consumption + Investment + Government Spending + Net Exports

In calculating GDP, only final goods and services are added. Intermediate goods are usually not added. Intermediate goods are goods that are still used in the production process.