Within a country's borders each year, the sum market value of all final goods and services produced is referred to as which of the following?
A) gross domestic product
B) producer price index
C) consumer price index
D) gross national product (GNP)

Question

Quizplus · Accepted Answer

Gross domestic product (GDP) is the sum market value of all final goods and services produced within a country's borders each year. The other options (producer price index, consumer price index, gross national product) are different economic measures.

Within a Country's Borders Each Year, the Sum Market Value