________ is the total value of final goods and services produced in a country,using current market prices to determine the value of each unit that is produced.
A) Nominal GDP
B) Real GDP
C) GNP
D) Total product

Question

Quizplus · Accepted Answer

Nominal GDP is the value of a country's economic output at current market prices without adjusting for inflation or deflation. It includes all goods and services produced within a country's borders, regardless of who owns the factors of production.

________ Is the Total Value of Final Goods and Services