Question

How is GSDP primarily measured?

• A. By adding up all government spending in a state.
• B. By calculating the net income of all citizens in a state.
• C. By totaling the value of all final goods and services produced within a state's borders in a specific period.
• D. By measuring the total exports from a state.

Answer 1

Answer:

C. By totaling the value of all final goods and services produced within a state's borders in a specific period.

• This is the standard definition of GSDP and GDP, which measures the monetary value of everything produced within a defined geographical area.