Gross domestic product refers to
A)the monetary value of all products and services produced by a single manufacturer during one year.
B)the monetary value of all domestic exports of a nation during one year.
C)the monetary value of all products and services produced in a country during one year.
D)the monetary value of all domestic imports of a nation during one year.
E)the 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 monetary value of all products and services produced within a country's borders during a specified period, typically a year. It measures the overall economic output of a country and is often used as an indicator of its economic health and growth. Choices A, B, D, and E do not accurately describe GDP.

Gross Domestic Product Refers to