The monetary value of all products and services produced in a country during one year is referred to as the
A) balance of trade.
B) gross domestic product.
C) national monetary reserve.
D) monetary national balance.
E) annual national product.

Question

Quizplus · Accepted Answer

The gross domestic product (GDP) is the monetary value of all finished goods and services produced within a country's borders in a specific time period, usually a year.

The Monetary Value of All Products and Services Produced in a Country