Match each type of GDP with its definition. the market value of all final goods and services produced by resources owned by citizens of a particular country in a given year GDP adjusted to base year prices GDP divided by population GDP adjusted for differences in the cost of living in different countries the market value of all final goods and services produced by resources located in a particular country in a given year g

Gross Domestic Products (GDP) is the measure of the total market value of all finished goods and services made within a country during a specific period.

Simply stated, GDP is a measure of the total income of all individuals in an economy and the total expenses incurred on the economy's output of goods and services in a particular country.

Basically, the four (4) major expenditure categories of GDP are consumption (C), investment (I), government purchases (G), and net exports (N).

Furthermore, the different types of gross domestic product are;

1. Gross national product (GNP): the market value of all final goods and services produced by resources owned by citizens of a particular country in a given year.

2. Real GDP: GDP adjusted to base year prices

3. GDP per capita: GDP divided by population

4. GDP PPP (purchasing power parity): GDP adjusted for differences in the cost of living in different countries.

5. Nominal GDP: the market value of all final goods and services produced by resources located in a particular country in a given year