Troboli is a North American country. The total value of all final goods and services produced in Troboli in the last fiscal year was 3.3% more than the year before that. This growth placed Troboli in a better position than most of its allies. In this scenario, the total value of all final goods and services through which the economic condition of Troboli was assessed is known as _____.
A) net present value
B) gross domestic product
C) profit margin
D) windfall profit

Question

Quizplus · Accepted Answer

The total value of all final goods and services produced in a country is referred to as the Gross Domestic Product (GDP).

Troboli Is a North American Country