Which term refers to the total value of all goods and services produced within a given period by a national economy?
A) standard of living
B) aggregate output
C) gross domestic product
D) gross national produce
E) purchasing power parity

Question

Quizplus · Accepted Answer

C) Gross domestic product is the total value of all goods and services produced within a given period by a national economy through domestic factors of production.

Which Term Refers to the Total Value of All Goods