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The gross domestic product (GDP) of the United States is defined as themarket value of allfinal goods and services produced within the United States in a given period of time.

true-false

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Answer:

true

Explanation:

Gross domestic product is the sum of all final goods and services produced in an economy within a given period which is usually a year.

GDP can be calculated using the expenditure approach.

GDP = Consumption spending + Investment + Government Spending + Net Export

GDP of the US for the 3rd quarter of 2019 was $5,385,635 million

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