The dollar figure that measures the value of all finished goods and services produced in the economy in one year is called:
A) gross domestic product (GDP).
B) the consumer price index.
C) national accounting.
D) inflation.

Question

Quizplus · Accepted Answer

Gross Domestic Product (GDP) is the total monetary or market value of all the finished goods and services produced within a country's borders in a specific time period. It serves as a broad measure of overall domestic production and functions as a comprehensive scorecard of a country’s economic health.

The Dollar Figure That Measures the Value of All Finished