GDP is the measure of the total market value of all final goods and services produced within a specific time period, usually a year. It includes all goods and services produced within a country's borders, regardless of the nationality of the entities producing them.

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GDP Is The

Question 97

Multiple Choice

GDP is the:

A) total market value of all final goods and services produced in an economy in one year.
B) total accumulated wealth of an economy.
C) volume of all dollar transactions made in an economy in one year.
D) dollar amount of all sales made in the economy in one year.

Correct Answer: