ABSTRACT

Of All Final Goods and Services GOP is a comprehensive measure of a nation's output. It measures the market value of not only apples and oranges but also many other goods, such as jetliners, calculators, and clothing. GOP also accounts for intangible services such as banking, engineering, medical, and legal services. When you purchase a video of your favo rite rock concert, you are purchasi ng a good, and the purchase is part of GOP. When you go to a football game, you are buying a service, and the ticket p rice is also part of GOP.