If a country's GDP stands at 4,867 billion USD,it means the country's ____ is worth 4,867 billion USD.
A) total annual output
B) investment on technological innovation
C) savings with the World Bank
D) negative variance in budget

Question

Quizplus · Accepted Answer

GDP (Gross Domestic Product) measures the total value of goods and services produced within a country's borders in a specific time period, usually a year. Therefore, if a country's GDP stands at 4,867 billion USD, it means the country's total annual output or economic activity is worth 4,867 billion USD.

If a Country's GDP Stands at 4,867 Billion USD,it Means