What does GDP tell you?

GDP is an economic index that a procurement professional can use to measure economic data.

What does GDP tell you?
A . the value of public limited companies within a country
B . the monatary value of the goods manufactured in a financial period
C . the value of commodities such as steel, oil and wheat at a point in time
D . average changes in price over a year

View Answer

Answer: B

Explanation:

GDP = gross domestic product = "the monetary value of goods and services manufactured or sup-plied in a financial period". People use it to say whether a country’s economy is strong or weak. Stock markets look at the value of public limited companies within a country.

Commodity indices look at the value of commodities such as steel, oil and wheat at a point in time Average changes in price over a year can be measured by CPI or PPI