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In calculating gross domestic product, the Bureau of Economic Analysis uses the sum of the market value of final goods and services produced. This means
In calculating gross domestic product, the Bureau of Economic Analysis uses the sum of the market value of final goods and services produced. This means that the BEA Question content area bottom Part 1 A. values goods at their market prices, multiplies them by the quantity produced, and then adds them up. B. values goods and services at their market prices, multiplies them by the quantity produced, and then adds them up. C. simply counts the total number of goods and services produced in the marketplace and then adds them up. D. simply counts the total number of goods produced in the market place and then adds them up. The U.S. work week has declined from 60 hours in 1890 to fewer than 40 hours today. The impact of the decline in working hours Part 2 A. decreases U.S. GDP and decreases the wellminusbeing of a typical working person in the U.S. B. increases U.S. GDP and decreases the wellminusbeing of a typical working person in the U.S. C. increases U.S. GDP and increases the wellminusbeing of a typical working person in the U.S. D. decreases U.S. GDP and increases the wellminusbeing of a typical working person in the U.S
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