Question

The total production of a year for a particular sector is calculated from ______.

• A. the value of goods calculated separately at all stages of production in that sector
• B. the value of final goods produced in that sector
• C. the value of final goods and services produced in all the sector
• D. the value of final goods and services produced in the three sectors

Answer 1

The correct option is C the value of final goods and services produced in all the sector

1:The activities of the 3 economic sectors produce a large number of goods and services. The economic status of nation depends on how much goods and services are produced and on how many people work in each sector.
2:The sum of production in the three sectors gives what is called GDP that is Gross Domestic Product of a country. It is the value of all final goods and services produced within a country during a particular year.