Gross domestic product is the
A) monetary value of all products and services produced by a single manufacturer during one year.
B) monetary value of all domestic exports of a nation during one year.
C) monetary value of all products and services produced in a country during one year.
D) monetary value of all domestic imports of a nation during one year.
E) difference between all domestic exports and imports for any nation during the course of one fiscal year.

Question

Quizplus · Accepted Answer

Gross domestic product (GDP) is the total monetary value of all goods and services produced within a country's borders in a specific time period, typically one year.

Gross Domestic Product Is the