________ is the market value of the final goods and services produced in a country during a particular period of time.
A) GNP
B) GDP
C) Net product value
D) Total product

Question

Quizplus · Accepted Answer

GDP (Gross Domestic Product) is the market value of all final goods and services produced in a country within a specific time period, usually a year. Option A (GNP) is the total value of goods and services produced by a country's residents, including those living abroad, while option C (Net product value) and D (Total product) are not commonly used economic terms.

________ Is the Market Value of the Final Goods and Services