Almost every discussion about a country's economy is based on gross domestic product.GDP is the:
A)total output of goods and services in a given period divided by the total hours of labour required to provide them
B)general well-being of a society in terms of political freedom
C)amount of goods and services people can buy with the money they have
D)total value of goods and services produced in a country in a given year

Question

Quizplus · Accepted Answer

GDP is the total value of goods and services produced in a country in a given year. It is a measure of a country's economic performance and is often used to compare the economic growth of different countries.

Almost Every Discussion About a Country's Economy Is Based on Gross