GDP is the: a. market value of an economy's production of final goods and services in a one year period. b. sum of coins, bills, and demand deposits circulating in an economy one year period. c. total expenditures of the federal government over the period of one year. d. market value of an economy's production of all goods and services in a one year period.

a. market value of an economy's production of final goods and services in a one year period.

Explanation:

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

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

GDP doesn't include intermediate goods. Therefore it is not the market value of an economy's production of all goods and services in a one year period.

Total expenditures of the federal government over the period of one year is known as government spending.

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whole quiz

1. the sum of all activities involved in getting high-quality products into the marketplace

2.operations

3. the principle of looking at the supply chain as a whole in order to improve the overall flow through the system.

4. produced; performed

5. activities producing tangible products, such as radios, newspapers, buses, and textbooks.

6. activities producing intangible and tangible products, such as entertainment, transportation, and education.

7.   customer focus

8. analyzing a competitor's products to identify desirable improvements

9. the systematic direction and control of the processes that transform resources into finished projects that create value for and provide benefits to consumers.

10. operation management.

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